option to buy 100% marianas, page-28

One of the key benefits of the tailings program was it was going to be funded and managed by the JV partner.

Now CDB are going to have to raise all of the cash and setup a Sth American based management structure (admin costs anyone!)

CDB can't even release an annual report on time let alone fund and bring a project into production in Sth America with a MC of $3 million!

Call me what you like however I can only see the SP go down from here.