Rentails will cost $200m to develop. That will be spilt between...

Rentails will cost $200m to develop. That will be spilt between their Chinsese 50/50 JV partner and MLX.
If you have to spend 100 m cash directors are loathe to dispose of large amounts of dividend and them have to borrow and raise funds. So they will be likely to be tighter with the dividend than splashing the cash.
In a number of co'.s the reason/ excuse given for not paying dividends by directors is that they can earn a better return on the funds by reinvesting them in the project ( in the case for Rentails it would be at that high IRR (internal rate of return) projected.

I'm pretty sure in the de-merger both WGX & MLX made statements as to their intended dividend policy and if one looks hard at announcements around early last Dec. one will find it. From memory they were roughly going to pursue a similar policy to before but gold companies invaribly have a higher demand for capital than base metal co's. and pay lower divs. I'm sure my mate Ocean View Will back me up. it's a good topic you've picked.

bTW Sorry, I may got you mixed have got you mixed up with another Hotty but I expect there are a few hotties on the threads.