SML and the Kimberlite exploration JV, page-25

I believe from research going back to the original agreement once a COMMERCIAL kimbilite is discovered then as stated all sales immediately come off the debt of kimbilite exploration and currently is accrued to the sum of over a 100 ml..
You can fund any exploration needed as merlin is at least 12 months from commercial exploration and mining and if no kimbilite is found at lulo that is the risk analysis you should have already factored in.
They need to drill the new areas first like lulo and have a better scope of were funds need to be attached for higher profit ...exactly what has happened at lulo for 10 yrs.
Timing is everything in trading , and now is that time.