Does This Change Everything?, page-67

Hi Eshmun,
You need your own reality show because there’s drama everywhere you step. You are one stubborn character, but aside from being somewhat of a killjoy and momentum killer for shares you happen to own, I have to be honest and say that you do deserve a lot of respect for your knowledge in the mining space and for being honest to yourself and your beliefs.
You actually saved me a lot of money on the WA conglomerate plays and correctly predicted the problems those Companies would face defining a resource and the subsequent falls in share price. You did this when the hype was at its loudest.

I have a little investment in OGX and I must admit I haven’t researched as well as I should before buying in. I like the grades and the potential, I like Anglo has bought in, and I like that Management is moving at pace imo.

Off of my limited reading of the situation, my view is that the farm-in agreement holds - if Anglo spend $9.5m on exploration, they are entitled to 70% of the Faina Project tenement Portfolio outside of Cascavel.

The joint venture, where I’m guessing a single entity will be set up to complete the drilling (if necessary) and move the project forward, is still under negotiation. I suppose they’re trying to work out Governance and how they’ll share all the other activities running a mining business.

Just my opinion, don’t shoot the messenger.

P.S. I have no problem with OGX taking on some of exploration to prove up the resource, just don’t go bust doing it. The Gold is there to be found after all.