jv with aquarius

This was an interesting, and perhaps rather surprising snippet from Friday's announcement:


"...Following discussions between Aquarius Platinum (South Africa) “AQPSA” and Sylvania, it has been agreed that the companies will jointly investigate an equitable JV arrangement whereby Sylvania proposes, where permissible, to recover chrome and PGMs from the tailings streams of AQPSA’s operations. If an equitable solution can be agreed Sylvania will elect not to exercise its option to purchase the Everest North project and will return the deposit to AQPSA.

Negotiations between Sylvania and AQPSA are at an early stage and a further announcement with regard to the timing and operation of the proposed Joint Venture will be made in due course. An update on Everest North and an estimation of the measured resource is included in the quarterly report of Sylvania to be announced shortly..."


Given today's PGM prices and the fact that the measured resource on the UG2 Reef at SLV's Everest North ground is now 773,147 ounces, PLUS the value we can infer those in-ground ounces must have to EastPlats (AND/OR to AQP come to that, given the proximity of Everest South)...the proposed JV with AQPSA must be a humdinger.

I'm sure shareholders can expect a deal at least commensurate with what we can infer is the value of that asset.