SPQ has to spend 42.5 Million by NEXT March on the FWR JV. Nothing on their KWG Partner JV with UC.

While I am posting,

Sum4All:

The consolidation is a manner of speaking in that now Noront has 50% interest in the key PRB Claims around the Eagle 1 and North East of the AT12 Area. That is an EQUAL Interest.

These companies include in such 50%-50% agreements specifics for once such 50%-50% agreements are fulfilled so they can move forward with out perpetual conflict.

Seeing as ONLY the jest of the underlying TOTAL DEAL (Not the many DETAILS) were make public, we must assume that the DETAILS are in place AND kept from Prying Eyes for a specific purpose.

To not have "Log Jam Buster" Clauses would make any such Agreements Useless, other than having spent much time, effort and CASH in the exercise. Let alone proceeding with the jest of the DEAL - Spending Exploration Money - with no End Goal understood between the parties to the JV.

On a much lighter point. Would it be funny if PRB fulfilled the first two year commitment and Noront turned around and said: 'Well, we now will not fulfill the second two years of commitment'?

I think there has to be much more in the Details??? Cause, otherwise it would be funny.

Old Joe

PS: NOT LOL funny.