If those alleged ~$250mil have actually been spent on upgrades to the BH mine then that would be a good thing, considering:
* BH was operating very smoothly and able to produce ~6% consistently and the fines circuit (of memory) was close to coming online, further improving the operation...so if ~$250mil was spent on upgrades that would mean significant improvement have been made to the mine which will be easily verifiable by any of the potential buyers and there would have been plenty of $$ out of that ~$250 that would have gone into drilling out the resource === if true === value of BH will be definitely closer to $2 bill than $1 bill, If there is no verifiable proof that the alleged ~$250 mil was sent then there is no worry about needing to pay back, but you are correct, either way, that money was spent 'at your own risk' deal was not completed!!!!
All IMO
A40 Price at posting:
8.2¢ Sentiment: Hold Disclosure: Held
