Ann: 7-Fold increase in Permit & Sovereign Wealth Fund Agreement, page-184

"You are relatively new here"
7 has been here for a long time and provided plenty of quality comment on technical aspects of the resource.I for one will always consider his views even if I don't fully agree with them.

"There are no guarantees in Zim"
There are no guarantees anywhere in wildcat drilling. MAY had no guarantees but hit big. Even with only 30% they have done many bags. IVZ will do the same on a big discovery no matter what % we have. IMO it seriously doesn't matter if we go it alone or farm out 90% (exaggeration). In the event of a duster we're screwed either way.
BUT
Most of us would prefer to keep maximum WI until we either hit or miss. If we hit, then sell some WI for development. Dilution will be minimal and we have a major share of a major discovery to negotiate with. If we miss then we either get another project or we move on. Having said that, realistically I believe the farm in will go ahead with Cluff on improved terms. I also think we're a chance to bring in someone else. Time will tell.