RE: Let’s look at the minimum 15p25 Apr 2020 12:40
Spud, honestly speaking. It is both GGP and NC interest to strike a deal at least on Hav.
GGP - they are explorers not miners. They dont want to get involved in mining rather they would want to have cash now to progress other projects and recover 100% value themselves.
NC- they would not want a partner for a massive gold project. They also have Tefler setup very close and therefore reduced the cost of processing significantly. Else Tefler could be shut and that will not be either for both either.
In summary, both parties would want to have this deal struck but GGP have upper hand as they can sell their 25% to another miner e.g. RIO which NC wouldn't want..
I am sure there are other more knowledgable guys here who can add more to this.