RE: Another assault on 5p29 Nov 2024 22:31
Rob, I don’t think newmont, agnico in particular, walked away willingly. It’s what Brad and Louie wanted after mma put the project into C&M, hence the protracted conclusion to the deal.
Omi were perfectly entitled to demand 100% of the project back after mma essentially, downed tools.
It’s the perfect outcome for omi. Still quite can’t believe they managed to pull it off. Directors deserve a round of applause.
We have to remember majors need to keep it sweet with explorers. They can’t afford the bad publicity of legal wrangles, given that juniors do the initial leg work in finding discoveries.
Juniors would be reluctant to partner with them if majors went around stiffing small explorers