Correct
@qballIt's disappointing the Cantor report got it wrong
DRC is free carried only if they reduce ownership to 10%
I suspect that will happen soon with AVZ picking up the additional 15%
The question is.......what will the price be for that 15%???
Cath paid $240M for 24% will AVZ only have to pay $150M for 15% ?
Bit unsure since the value of the project has increased significantly since the CATH deal
Could this be one of the issues delaying the ML?
As Frank would say ......food for thought