'The simple facts are an unnamed party has agreed to buy the royalty off Nuinsco - CVY does not waive any rights it has under the agreements. If it closes - ie due diligence is completed to the purchasers satisfaction, they will effectively pay $3.1m for a 1% royalty - CVY can exercise their option at anytime up to 2015.'
Isn't that exactly what I said?
You are right though, if that is all this transaction is the fact that someone has paid $3.1 million for a 1% smelter royalty is ultra bullish for an explorer.
Come on CVY, you know you have to announce who it is, and what your intentions are about the buy back rights.
CVY Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
