dear mr. taig

Sir,

In the next year Focus is predicting a 200,000 + production.

For the sake of this letter let's say that there is an $800/oz margin to be made so that gives a profit of $160,000,000 for existing share holders.

Now let's overlay the new senerio with Shandong involved.
500,000 oz @ the same margin of $800 = 400,000,000. Now 49%
of that is $196,000,000.

Let's keep in mind that this 500,000 oz senerio is unproven and maybe years away.

So for the total of $30,000,000 difference in return to existing shareholders (in this example) the Board is proposing to sell over half of our company...

Could you please help me to understand how the benefits of the Board's proposal will overcome what looks like a potential mis-adventure given the above illustration.

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Members of the FML forum I intend to send this letter by registered mail to Mr. Taig because I need this question answered. I am not a business man I am a firefighter so there may be a good reason for this strategy that I don't understand.
The figures used in the above letter are for illustration only.
If there are any posters that want to add any relivant point I will be glad to consider it. I intend to post the letter by Wed.26th