no need for cr, page-2

cikku,

good post.

the only other points I will add is once vil get over 2c (mc of around $30m) option conversion money will come into play. Bongo or Sidi may get Verus to that point prior to FP2.

Interesting to note that Verus paid 66% of FP#1 drill costs (US $720,000). I'm guessing a side-track will be significantly cheaper and if Verus decide to farm out they may actually get more money than the sidetrack costs depending on the % they give away.

So if the option conversion does not pay for FP#2 then a farmout may well.

I'm not saying vil won't do a CR at some point but it is probably not necessary until the sp is higher.

I have a feeling the vil threads are going to be very entertaining over the next few months.