At the heart of this conundrum is what will be considered 'fair compensation'.
We didn’t ask to be caught in this mess. If the DRC had adhered to its own mining code, we’d have an operational mine by now. Instead, we've been forced into a position where some might say we are being forced to sell under duress, which is entirely unreasonable.
If KoBold and Rio Tinto are serious about acquiring what we legally own, then their offers must reflect that reality. So far, their starting bids have to at least interested NF otherwise, we wouldn’t even be at the negotiating table, and would rather have blinders on for full steam ahead to the courts.
Should they refuse to provide reasonable compensation, then the path forward is clear - we take this battle to the ICSID. While nothing is ever guaranteed in legal disputes, the geopolitical landscape certainly favors our position. The DRC's need for U.S. support gives the U.S. significant leverage, and that, in turn, strengthens our hand as, unlike the Chinese, they will follow the international rules based order.
I am still of the mindset, there is still a high likelihood we will proceed through the courts to set an undeniable valuation on the project, and compensation for damages.
mugglehead.com
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