gold fields signs jv with conquest..., page-43

CCL, the here issue is one of logistics, time and risk. A huge prospective area adjoining Mt Carlton/Silver Hill that requires subsantial dollars to both explore and possibly exploit. If I suggested to you that the figure of $30 m mentioned for drilling costs could blow out to $70m and up, would it still make sound and economic sense?

CQT is a junior that has struck something that could be regarded as potentially mammoth, maybe a new precious metals province in the making!. One thing that you can be sure of, GF thinks so! It now requires resources, expertise and ongoing risk management so that CQT stays in play. The management of CQT have been smart, prepared to take a smaller piece of the pie yet ensuring its survival by minimising risk.

By doing this JV, CQT arrives at a realisation point far sooner than they ever would had they gone it alone. Irrespective of what happens with the GF exploration program on the "new" ground, CQT has already confirmed that they are confident in developing a commercial mine at Silver Hill alone! The rest will most definitely be a bonus. They have chosen to hedge their bets and not be greedy.

The next 6 months promises to be a real eye opener if the GF exploratory efforst turns up anything half interesting!

ciao