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That's incorrect rich. It is equity in UGS which is Lucky Lake....

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    That's incorrect rich. It is equity in UGS which is Lucky Lake. Part of the deal is also to build a third facility financed entirely by CW, equity shared between the two parties. Alternative is massive dilution via CR. Regardless Duncan gets buily out either way and remains 100% owned. Lucky Lake and new facility is just the icing on the cake.
 
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