RE: Sonora JV valuation16 Oct 2019 09:25
TC et al..... I think the confusion might be the distinction between 'project level' & Concession' level ....GFL now:
A) hold 29.99% of BCN'S SCAP (in the same way we had near 20%) & BCN hold 100% of the LV concession
B) at 'project' level which includes LV (100%) owned by BCN & El Sauz/Fleur (70/30 BCN/KDNC) they have a 22.5% interest.
So the concession titles/ownership haven't changed at all its only at project level that GFL own 22.5%…