I am hoping for the straight ahead deal, with NEM shares being transferred into my account in lieu of cash... I believe this would be tax efficient... And we have that old gent 30%+ shareholder needing to get out so I would think (and hope) over 51% of the distribution will be in NEM shares (guessing 66% per prior conversation, and anticipate Can$.80 minimum to get the last PP holders out whole).
However, I speculate MOY could indeed buy a Nevada mine with proven reserves (via NEM?) and trade that 2% NSR royalty for it... The assumed US$7M net present value of this NSR may buy some decent inferred reserves needing $400+ gold... That would be my best guess, and hope! Getting proven reserves for that 2%NSR may not be such a bad idea, market would likely value this higher than the royalty...?
Nonetheless, it is inexcuseable not to have issued a press release after the 120 day deadline... Something such as:
"A seven day extension to the Letter of Intent was agreed upon today. NEM and MOY are still negotiating the best means to proceed so that both parties can realize maximum shareholder value from the transaction."
would have been nice...
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