i look to the sky and its blue, page-15

There are still so many variables, none more important than grades. I also think many feel the JV is almost a done deal. I ask this, who needs the JV more? Randgold could still produce profit for years to come in their current grades in the tailings given static or higher POG. BGS on the other hand have no plan B if we don't get that production facility. I refer also to the recent comments from the Randgold CEO, "we are having a field day with juniors in Africa', they hold the upper hand. Don't get me wrong, I'm confident an agreement will be reached but just felt the need to taper expectations a little.