With Deli they never succeed in establishing a JV even after they employed Anthony Venus to assist them. So their record for building relationships where the other party has deliver is poor.
They already have a JV on the table with Georaid that will kick in at the 80% mark. This is to continue the exploration work "the project partners undertaking further substantial exploration work". Ore do have to give a 350k welcome to the table gift which at today's rates will be another 30% dilution. This was key investor information previously not disclosed until the website revamp this year. Note the JV wording of substantial is ambiguous.
In terms of another JV they will need is for someone to remove the waste and overburden. Preferably before any further depth drilling to save exploration costs. Apart from that a mining operating unit with operating cash for about two years would be ideal.
Finally before any JV is initiated the asset needs to be considered feasible. The previous asset Deli was hyped with bonanza grades to the last minute including another dilution just weeks before all exploration work stopped.
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