AUZ dream ann!, page-95

SKI and its due diligence is intriguing. If they are, as many here like to suggest a non committal partner and ‘no money down’, in it for a cushy armchair ride why would they need to do any at all? They just need to back the truck up and say give us as many of those quality blue and green crystals as you can handle.

Proper mining due diligence involves, amongst other things measuring whether or not the entire deposit can be processed efficiently to deliver the intended product without too much variance in mining and process. Measuring these things is usually down to the purchaser of a deposit not one that is purchasing the product.

Imo this sort of dd would be required by financiers offering loans and/or guarantees.

SK got involved in a Brazilian iron ore play a few years back (MMX), their ECA backed an equity buy in to the tune of 500mUSD and it all went south. They wouldn’t want a repeat of that exercise.