RE: It just gets better2 Jun 2022 17:08
A buyout by a major maybe the final outcome, but there is usually a reluctance for Majors to buyout minors until all the t's are crossed and i's dotted. The risk is then all with the explorer and although the cost will rise as the "spadework" is done, the major shareholders (mainly IIs) can be very vocal if a risky buyout is on the table.
The JV route is also an option, except that DSO work has no need for sophisticated mining expertise, however EH and Mexico may see a JV arrangement to fund the developments.
Probably too early to make any judgement on Munni Munni but I would expect some hard bargaining for such a great tenement. OIMHO
GB