ellendale is only capped at 8 mill, will drill shortly at currans well, also they announced yesterday that the
kim/grn falcon flyover results found 12 targets on the
ell ground.
ell has good leverage under the joint venture because
they have a 25% free carry until bankable feasibility
study, kim/grn have 37.5% each but they have to spend the money, which could run into many millions.
