earn in joint venture

Bristow said he’s looking for opportunities to sign joint- venture agreements with exploration companies, which are struggling to access finance. Randgold signed an agreement in December with Kilo Goldmines Ltd. (KGL), a company with licenses in Democratic Republic of Congo, and will fund exploration on Kilo’s prospects in return for incremental ownership stakes based on certain milestones.

“With the tightness in the junior market we are expecting to do more of these Kilo-type earn-in joint ventures,” Bristow said.

link to statement from Randgold!!

http://www.bloomberg.com/news/2013-03-06/randgold-ceo-bristow-sees-upside-for-gold-as-central-banks-buy.html

It is not a question of If, But a question of When?