I actually think people are looking into what has been said by NS in the BRR interview and from the announcement too much by thinking that BMG wont pay.
So far BMG vests 40% in the project and are required to pay $25mil to vest 51%.
BMG have already paid $13mil to vest for its 40%. Why would they walk away now when they were expecting a JORC of 1bt and delivered was 1.4bt??
It is in the interests of BMG to continue the project and there is absolutly no reason not to. when they signed the deal they were expecting a 1bt JORC and it is 1.4bt... They have already paid CAP $13mil in cash payments. Why would they walk away if it is exceeding their expectations?
CAP Price at posting:
71.3¢ Sentiment: Buy Disclosure: Held
