What's the incentive for Waterton to increase production at Borealis? If they drag their heels and do nothing they will own 100% of the property!
red911 has already posted all the facts! The math doesn't add up. The payments can't be made. I can't believe some posters are happy with the new JV. Waterton will own 100% of Borealis within 12 months and will probably sell it to Scorpio Gold, as happened with Royal Standard and Golden Phoenix!
Does anyone believe the boiler break down story? The CEO gets a big raise at the beginning of the year, and endorses the new JV. What a mess!