A very exciting announcement indeed!!!
I would be interested to see who the potential party is, and what that strategic investment may look like, but obviously it's commercial in confidence at the moment.
Speculation on the forms it may take:
- Some sort of issue of shares (they pay us a lot of money and we do the work??)
- a Joint Venture partnership (they pay us some money and we split the work??)
- a partial asset sale (they buy something off us. I think this is unlikely, but who knows??)
Are there any other possible outcomes?
A big shout out to all involved Paul and the teams on the ground, PAC Research and also the team at Wardell Armstrong International (WAI) on the scoping study. I found a lot of the information from the PAC Research report was sourced from the Scoping Study.
I'd imagine a strategic investor approaching at this stage would likely want to expedite mining timelines for mining - on the provision that the Pre Feasibility Study comes back with a compelling set of figures AND a Definitive Feasibility Study is not needed, or only supplementary additional work.
Bring it on.
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