mercurysmith; I agree. Especially regarding turning the tables on the negotiations. IF they can get the Debenture filled and pay off the loan from IMC, it gives Woulfe the option of just walking from the negotiations with IMC/Shinhan. This is the kind of leverage that we didn't have.
Don't you think that Brian consulted Ned Goodman regarding this option. Ask yourself this, how could a mining company with no mine, no revenue, even dare to offer a Debenture with 10% interest? IF they can get this filled, it speaks volumes about the level of confidence in Sangdong as an asset or that a deal will be done. Again, in the NR, the deal with IMC and Q4 2013 as start of mine production is mentioned.