wwalker3, My speculation, and it is only that, is if the partner wants to
acquire it all they will do so before the election. Once they acquire
NAK they will own the treasures regardless of when they get mined. Not
only would the acquirer get Pebble but they would get the surrounding
prospects which may also contain riches for future development...even
if those may be far into the future...nonetheless, valuable to a mining
company for future development/reserve replacement.
On the other hand, if the partner is a true partner it will be a step
by step process where the partner will invest as the project continues,
increasing its percentage stake with each traunch along the way.
Perhaps it would be an agreement to provide (as an example) up to $8
billion for the mine development for a 50% stake upon completion.
(In this example, each share of stock would cost the partner $16...
assuming a total of 500 million shares ultimately be issued for
the eventual $8 billion invested.) Perhaps the partner would be
allowed to acquire shares on the open market as well, to ultimately
increase their stake above 50%. Again, this speculation as to how
such a deal could be modeled...and the numbers used in this example
could be way off from reality.
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