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22/07/21
17:18
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Originally posted by Countrywriter:
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Alternate theory What about a JV buy in? BRB could ask for a few million with a little up front and retain a free carried position that reduces in stages. Clauses can include a right to contribute after production of a BFS by the JV partner that would manage exploration and fund it at a given rate. BRB cannot sell the project tenements in case of gold discovery yet they could farm it out under some other agreement. I believe they have not drilled this because of stated aims to concentrate on the mega emerging gold camp. The Li was just Manna from heaven and never seen as a core focus. Great time to monetize it though. It could be worth more than the current absurdly low M/Cap of BRB to us if handled properly. I believe the approach will be measured and with shareholders in mind.
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They could sell only the Li rights and retain everything else. I have seen that done before. Also from memory, there were a couple of other elements there were found that could be worth something. I'd have to go back and check what they were.