I would be irritated if they paid a dividend anytime in the next 5 years. I would however be happy with share buy backs at a set % of profit (yearly from each asset). It would help support the share price and make future CR's to fast track projects easier (and less pain full).
If they dont plow the majority of profits back into the company they will fall behind in the future.
1 asset currently producing. sdv to come then james bay and maybe a converter is a great position to be in but once they have those 3 producing they need to find others or JV with with other companies to fast track their projects. And they need to do it all without getting into too much debt like they did last time.
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what a bargain!!, page-134
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