The Apprentice,Actually, there is one possibility, whereby Norm...

The Apprentice,

Actually, there is one possibility, whereby Norm and the boys would have to keep their shares - that's if Coeur's net asset value decreases by 5%.

If that occurs, not only do Coeur have to pay the $9m break fee, but Norm and cohorts get out of their option deal (the call option on their shares is based on the same terms as the other shareholders' deal).

However, that's predicated on the basis that they would actually want to get out of the deal. Seeing as the vast majority of their interests in BSG were option-based and seeing as they are sitting on multi-million dollar pay days if they sell, versus the hard yakka of taking the Palmerejo project to fruition, they may not want to get out of it.