RE: Whilst31 Oct 2018 17:16
chippy, I will be utterly shocked if the JV doesn't arrive with capital injection. The work required at RHA is not so significant as to warrant, for example, 40% of RHA, in return for coverage of those RHA Development costs.
I'm not sure what the terms will be a simple approach would be cash for 40% (if it is 40%) and then RHA costs split according to percentage ownership. It could be something different. It could even be wrapped up with Zulu, as has been suggested by the company itself. Whatever happens, in either a plain RHA JV or combined RHA/Zulu JV, we will have cash injected. As long as we are able to live to our portion of the responsibility for each respective project, we have the additional operational costs of PREM covered. Then, we can start producing at RHA again - and as a few have suggested, how long till we are profitable there?
Big BIG days ahead :-)