I just thought I would repost this from YCs post
"He said NyeMDC might rope in a partner for a joint venture to mine the leased asset. On the phosphate asset, he said the company has had a detailed negotiation for Wonarah phosphate deposit. ?We will acquire 50 per cent of the project owned by Minemakers Ltd, which is a listed company in Australia,? he added. The joint venture agreement is likely to be signed by October this year"
Interesting that they have a time line for the JV to be signed in October. Will this be a deadline they will keep?
latest nmdc snippet, page-2
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