Ann: $30 million Exploration Joint Venture Agreem, page-3

re: Ann: $30 million Exploration Joint Ventur... Why anybody would pay 30 mill for a half share in CTO,s tenements excluding warrior and the central mining area ( when they so far have peformed so poorly ) is beyond me. CGT paid 4.5 plus a royalty , for the whole of Ballarat , gold plant , machinery ,development, drill results (showing lots of high grade gold) and a jork. Cto need cash to develop and find the hard to pinpoint gold in the existing operations. Surely there focus should be on making the existing operations work rather than stuffing around at the moment with something that may or may not bear fruit.Still i suppose while they are spending 30 mill, its keeping directors and important staff employed for some time longer.