That's it in a nutshell.
PV needs to get the scoping study/PFS released. In theory at least since the expense of the WP study contributes to earning BCL it's eventual 70%, BML partly own the report and any benefit that may (or may not) arise from it, and
it needs to be released. Since BML can't bring in another party given the JV (or at best for no more than it's eventual 3o%) it mystifies me why BCL would need to withhold the report.....doing so is a poor precedent for how things will go when BCL complete the BFS and assume actual managerial rights (which they probably effectively hold now, but in theory at least BML is still the manager).
Regards.
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