Gus,It's not hard to see that you are frustrated, we've all held...

Gus,

It's not hard to see that you are frustrated, we've all held shares where you believe the project will come through and it just continues to disappoint.

For me and knowing a bit about this space and working in WA, Coburn does not have sufficient grade to warrant a serious JV partner to come on board. The industy minimum cut-off is 3%, Coburn is 1/3 of that. (It's hard enough mine deposits at 3%).

Now there are many projects with HM grades well above 5%, some much higher and with bigger resources. The chinese have now aligned themselves with WTR, which is smart. I would be guessing that Dupont would be filthy about that, but hey, I don't rate them either.

As for DH, he's in a tough spot. He's relying on Posco, and if for some reason that doesn't come through, it's going to be trouble for him and GUN. I personally don't think a new leader will help for the reasons above.

As for SPP.
I'm gathering that Johnny Tilbrook didn't put money in, love to know what his tie-up is with all this, and why he would have put so much coin into it.

Pep