All i know is mdmn can get a jv on ther property, and move like thery are now - we are in for a fun ride when its our turn. Ive been watchign that turd for years.
Highlights included proposed terms of the JV to include a cash component of $150,000,000 Euros split between Cerro, Medinah, and the property vender over a 2.5 year period with a 15% retained interest indefinately through production. The company will have the property explored/developed essentially for "free" going forward. (The purported split could be 40% Medinah,32% Property Vender,28% Cerro.)
I dont think they even know how much gold is there - a couple of mil oz i think.
