Ann: Charters Towers Update , page-12

"What is the difference between a JV and a sophisticated placement anyway?"

according to everyone here who trashes managment, then the answer would be massive.

Sentiment swing on a credible partner.

If i was in your court, and having the doubts you are, then i'd be saying, that 50% of 200kozpa is better than zero of 200ktpa, if you think that CTO can do nort themselves.

My own opinion, is that they are progressing warrior, and this can only accelerate progress in parallel.

Dillutionary, only in so much as our return, may not be on 300koz, but warrior + 1/2 citi or whatever JV is yet to be annoucned.

But i'd take that 200/300 koz?? with more hands on deck, geting things escalated, than the steady grow as we go approach utilised atm.

So the upside is not a 300koz producer, with JV, but if it gets our share to 200koz sooner, that is what the market is valuing in approval of today imo.