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clock Created with Sketch. 19/09/23
08:51
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Originally posted by ghosta:
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Strange how nobody has mentioned the $40-$50m liability this company carries with it to complete the rehabilitation of the former Millenium mine site. When it purchased the Nullagine mill this liabiliy came with it. The farmout of ground to DEG was a hit and miss strategy to try to cover this cost, if DEG stike something really big then they might offer NVO a large enough sum for the remaining 50% of the ownership to cover most of the bill. It would need to be big!
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So if DEG find something really big and wish to purchase the remaining 50%, it won't be more than $50 mill?? Nice one.
(20min delay)