RE: JV18 Dec 2020 15:28
Similar debates held on the GGP forum regarding their JVs.
Ultimately, the value of gold in the ground is transformed when it's dug up. For all parties, there will be a risk/reward/effort balance which will be thrashed out in the JV negotiations, but the key to all parties realising value from this resource is to not let greed get in the way of mining. If it's got10Moz, then $1800/oz, that's an $18bn asset. Even if PAT has a 30% stake in the company, it transforms the current Β£18(ish)M mcap and comfortably adds a couple of zeros to the end of it. That's not bad at all for a company focussed on exploration and development IMHO.