Looking at recent JVs in the region, Gina's deal with titan for titan was US120m for 80% of one of their projects to take it through to decision to mine. Based on what PD said, we wouldn't need anywhere near that to get brama/limon to the same stage (30-40 for drilling plus $xxx?? For PFS, approvals etc). You'd think any producer would also like a first right of refusal on EP also, and we'd definitely want cash to keep drilling there well prior to revenue being generated from limon/brama. So, if I'm Gina, or Lundin or newmont, I'd be wanting to get limon into production asap, with extensive drilling continuing at brama and EP concurrently. So tell me folks what does that look like in terms of a JV arrangement for us? The above is just me thinking out loud, and i have a brain like squirrel, so maybe a few of you corporate types can chime in with what is a realistic outcome.
STM Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held
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