Like: *~22% escrowed for 24-months (Lion Selection's portion)...

Like:

*~22% escrowed for 24-months (Lion Selection's portion)
*backed by AustralianSuper and Zhaojin Mining
*total insto invesments ~$10m out of the minimum $15m required
*minimum subscription amount is hit before closing date
*decent management team on board

Dislike:

*Land still need to be acquired from the local should they progress further (opens up to political/local relationship risk - with only Boyke managing the relationship - too many things to rely on a single person)
*No local partnership
*high valuation? at .42 cents a piece
*evaluation work starts in 1991 and 25 years later we are still at potential DFS stage? Why? What has happened in between?

Thoughts?

Without such a strong insto showing, I would not even look at the prospectus. However, with such a support, it is hard to ignore!