A JV may be a short cut to market recognition of their projects, but I would prefer to see some more results first so that they can get the best deal, or possibly even fund the projects themselves (the better ones anyway).
The market loves the high grade stuff but possibly more interest to a potential JV partner may be the sampling from the Wasi and Bulalo porphyrys (assays pending). Not sure if traders will take the same interest but the real money in mining is made through bulk mining large low-grade deposits. Take a look at nearby Frieda River project for example. Announcement from HIG today stated the potential for 200,000 tpa Cu, 300,000 oz pa gold production at C1 cash costs of 22c/lb. That's from a resource with average grade 0.53% Cu, and 0.29 g/t Au. Grade isn't always king.
A JV may be a short cut to market recognition of their projects,...
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