Fair assumptions there Vic. However I don't know of too many operators of mines that require $6M to start a JV with a junior. Okay I know of one that would fit. I hope you're right but I smell a rat. Something fishy is going on and I prey that it does not include some goofy scheme with one or more of the directors.
Maybe its a private company that they own and are buying into the nsr's on the newly acquired properties. We've seen that trick before. This is the kind of crap that this type of non-disclosure gets people thinking of.
No, if theres a way for management to find a way to shoot itself in the foot this one is great at it. IMO!