Spot on @lockitt. And yes, our negotiators will have been...

Spot on @lockitt. And yes, our negotiators will have been strong, I am sure they will not have let this opportunity slip away into the kind of JV we sometimes see, where to junior is starved for news and excitement for the 4 year period. https://www.incaminerals.com.au/directors/

End of days at Riqueza, which we are hoping for, is a handy percentage ownership of a Tier 1 mine (or two or three - check the P1 targets identified, and recent workshop attendees will know exactly what I mean if Ross explained the presumed geology in those areas). We might also expect eventually an NSR - and/or enough cash to work over Cerro, Timor Leste, Qld Vanadium, or whatever else Ross and co. pull out of the hat when they do their next Magic Show.

@GT55 is right too, a $10mill cappa is up against it if they want to drill out and own a tier 1 mine - too many sharks in the water for that - but they can and often do, use it as a stepping stone. Check out the history of Nova, where the discovery hole was drilled with only a few dollars left - but also for the other story check Sandfire http://www.sandfire.com.au/about/history.html

Margaret Hawke, a 25-year old geologist, drills the discovery RC drill hole at Sandfire’s Doolgunna Project in Western Australia.
“Sandfire is one of the Australian mining industry’s most compelling success stories, making the transition from junior explorer to leading mid-tier producer in just over three years…”


If, by any chance, South does not accept our terms then I for one would be willing to stomp up more cash to see a hole or two drilled into the P1 porphyry/skarn target in the upper right of the R map, or into the target near Alteration Ridge in the lower left of the sheet.

Just IMO - DYOR.