The quick answer as to what the $65 million deal will look is- that we don't know. In fact, it's final structure is undoubtedly yet to be determined- most hopefully by negotiations that might already be in progress. It will involve a complete exploration program, possibly the mentoring program that has been mentioned, and probably the right to either participate in production development and a share of profits- or a share of any sale proceeds to yet another producing entity. From NR 185-
5. Budgets and plans call for Phase 1 drilling at a budget of $6.5 million, followed on success of Phase 1 by a Phase 2 drilling program – $59 million of three years duration (24/7/365) to define an economic mineral zone.
The structure of such a partnership obviously would be very complex. But whomever would be providing that $65 million would certainly expect to have a substantial share of any future returns.
To be discussing this is probably jumping way ahead. The first step is to secure such a partner. But the fact that we are already discussing this advanced stage is a good sign. Hopefully it is reflected by what is actually happening behind the scenes.
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