A decision from the Gold Commissioner could come as early as April 21, so there's time to negotiate a deal between the two parties. I expect that to happen since both risk losing here although CXM has a lot more to lose and poorer odds based on the excellent information provided by Prospekt. If CXM does not find a way to get the property back it will be an extinction level event followed possibly by lawsuits, although incompetence was not a sufficient basis in several cases I've witnessed. Being tied up in a lawsuit can be the greatest concern rather than the outcome. So CXM really cannot afford to wait for a decision and needs to close a deal with the other party. Their leverage comes from a combination of the uncertainty from the GC decision and whether or not the other party expresses an interest in a cash buyout. I doubt the other party would be prepared to wait years for an early stage property to be drilled up and subjected to a PFS and FS process. No economics were run in the resource report and it's a small inferred resource. The cost will depend on what they could get if they optioned out the property for cash and a NSR. I don't know what a reasonable number would be but I suspect both parties are crunching the numbers. Since Elmer is on the BOD of both companies and CUU is the major shareholder of CXM, then I expect the deal will be in the best interest of CXM first and then CUU. There are situations where CUU could buy the property for 100 % and let CXM fold but that's not likely here. I don't see much impact on CUU from this event unless the property is lost and some attempt is made to roll the remnants of CXM into CUU.
