Ann: Letter of Intent to Provide Future Financial Support, page-27

its a long way below the norm. independent expert will say its 'unfair but reasonable' i reckon.

this is a high likely hood as was the same result independent report last year to take the $10M.

Fact of the matter is he's realized the value of this project and he wants in the question is how much? you never offer your top price straight off the bat and you dont even offer a fair price straight off the bat, first offer is always a base, as you leave yourself only one way to negotiate from there.. this starts the conversation.. he is banking on the fact that the project has been crawling for many years and this is the quickest way for all to realize some decent profit.. so investors will jump @ the opportunity.

the value of the company will still achieve the same MC once in production whether he is on board or not the main question is how long it will take to get to that point?

With Mongolian nationals on board it helps streamline the process.. the goal here is to get to production. The money has to come from somewhere. Perfect world situation would be to secure the money from offtake agreements.. but these to date have not come to fruition . so the other option is that the money is put up front in exchange for a larger invested position in the company. its no real shocker no one is going to invest without having the reward on the other side. there is literally no point.

Once the money is in the bank, hes secured, can streamline further hurdles and get this thing to production ASAP so he can get a return on his money also.