Not really. Here’s why.
It’s not impossible Auryn would suggest such a thing. And I guess it all depends on what Auryn would happen to suggest as an alternative. But let’s imagine they really try to play hardball and divide the $100M in half. In that case, given all that would be known by Aug 2017 re. the Merlin veins, the LDM, etc. it would likely be in Medinah’s favor in such a situation to say No, let the JV expire, and then re-enter the market.
In that imaginary case, Auryn would have spent $5M to $10M over 3 years, walked away with nothing, and Medinah could re-market the mountain with much much better and concrete information at hand. There would be suitors for that gold. Would Medinah do better than $100M for 85%? I don’t know. Depends on where we are by that time. And that would be Medinah’s risk (and ours). But Auryn’s risk would be huge in this scenario and I can not see them doing it unless they absolutely can not come up with funds, of which we have no evidence at this time (unlike with Mr. U. when there was an ongoing never ending stream of evidence).