All this talk about tranche payments are a carryover from the previous proposals to the mining consortiums, is it not? If we retain the greater percentage of the property and are calling the exploration shots, why would a financing company agree to pay Medinah more if the drilling programs are successful? I can see them investing more monies to finance mine construction and, by doing so, they may or may not get a larger percentage of the pie.
But I think one payment directly to mdmn/cdch/juan is all we'll get and there will be no multiple tranche payments anymore.
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