It is a good deal considering the 1-2 mil they still needed to...

It is a good deal considering the 1-2 mil they still needed to spend, (they may have been struggling to spend it usefully it in time). Full control under one board is good too and will save on admin and finnacing fees etc etc. There is a bit about NMDC in the ann bringing 100% project finance and access to debt funding to avoid dilution. This seems a bit new as they have previously said is to be capex to be 30% cash and the rest debt. If they just have to drill borrow and dig, then sit back and wait for the dividends.