First, DNI presently does NOT even have a mining license (PE) for the Vohitsara property, only an exploration license. I have yet to see a PR confirming otherwise. Whether granted, or not, it still remains a significant risk for current or prospective share holders.
Second, DNI will be going into an arbitration with Cougar Metals. Cougar Metals claim DNI failed to provide access and a safe working environment for their staff to the Vohitsara property which subsequently prevented them from being able to complete their drilling commitment. Conversely, DNI claim that Cougar Metals failed to complete their drilling program in time, refused extensions and used the wrong drill bit. This issue is also another significant risk for shareholders, especially as Cougar Metals are asking for a settlement of half the future proceeds / earnings from the project. The consequences of which are not to be taken lightly, in my opinion.
I just hope a satisfactory solution for both parties can be sought, but until these are sorted, these are significant risks going forward.
Good to always keep a unbiased approach when investing.
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