ann out; quarterly cash flow, page-31

Always better to do a conservative estimate when dealing with companies at this stage, but hope for the best prepare for the worst and expect a good result, and BDR has given a very good result to date.

Tropicana
I would prefer if they waited till they had the money and developed this resource themselves, but a joint venture would be ok so long as BDR keep the lions share.



Swimming with the ducks