Massive volumes of free milling gold at Viper, page-2

49/51 is pretty standard terms for a JV with RG.

I would speculate that Kevin is pushing for better terms than that as our prospects are much more advanced than past JV's that RG has entered into.

Kevin has stated that a deal can be made anytime we want, it is just a question of how much % are we willing to agree to.

I would also speculate that the biggest hindrance to a deal aside from Kevin's hard bargaining, is the fact that Anglo still maintains a 40% stake in the Morila plant. If you can read between the lines, in a recent interview with Mark Bristow that was posted on another thread, you can see that they will purchase Anglo's 40% stake back, but only if they sell at a decent discount - which shouldn't be an issue as Anglo needs the cash.

By the way, Kevin himself has also confirmed that the particular ore found at Ntiola and Viper is recoverable up to 96%