Monday, June 18, 2018 8:28:22 AM
Last year, on April 10, 2017 Trilogy Metals entered into a similar exploration funding plan giving South32 the option for a 50/50 joint venture. The stock has since gone up about 200%.
https://trilogymetals.com/news/2017/trilogy-metals-grants-south32-an-option-to-form-a-5050-joint-venture-in-the-ukmp-for-a-minimum-investment-of-usdollar150-million
This is a very similar arrangement that South32 made with Silver Bull Resources.
With the first released tranche of $10 million from South32 in funding on December 14, 2017 Trilogy's stock would rise almost 100% the following month.
This is a direct example of how Silver Bull could respond to its arrangement with South32.
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