I certainly agree that they have probably given too much for too little albuckpg. However as you say with the current marker conditions, low SP and therefore small MC I guess they require this kind of input from JV's in order to fast track and continue exploration and get things moving even if it does mean giving away larger %'s than we shareholders would like.
One question I am unsure about is assuming LML go into production on their JV projects, all parties are liable for their % share of capital and operational expenditure are they not?
LML Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
