JV highly unlikely. More likely would be a spinoff. Burnakura would be best choice. Get it up and running, uprade the output and resource. Get some cashflow to prove to everyone that its all straight forward.
Then spin it off.
Could do the same with Andash.
Or if Jervois was under funded then do it with that.
But I'd prefer Burnakura. Existing holders would get shares in new entity. KGL could retain some too. Then new entity raises funds and makes a cash payment to KGL or KGL sell some of the new enities shares. Then Jervois is fully funded.
q and update, page-29
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