Wack, it's hard to figure out why KL bought into De Grey when ES and his companies were investing. You'd think KL had enough on its plate with Novo's 10,000 sq kilometers. Maybe KL was attracted by the JORC resources which to them more than justified the $0.15 buy-in cost with the kicker of potential conglomerate gold. Even if the conglomerates don't pan out, when De Grey get to 2 million ounces, KL might do a buyout and build a plant.
Do any of the other Pilbara sisters have JORC resources?
Pacton, page-14
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