I'll grant you the 30 million.
Is that enough to make MGV a poor investment. Highly doubt it. Is it cheaper to explore than buy an asset? With diamond drilling edging $400 per meter All In Cost the jury is still out on that. Just look at GOR for an example of how easy it is to piss away capital betting on a greenfield exploration target.
MZs M&A record's been head and shoulders above the rest.
Having said that all the mid cap MDs need to give themselves uppercuts to the chin for missing the SPR opportunity.
Ann: Cue Project approval, page-13
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