Jessica,
Well I am disappointed that we couldn't have at least retained 6% proportional to Todd and HZN dilution, but then I guess alignment of interests with the Maari JV hugely due complicates things upon success - avoiding all need for constant negotiation between two JVs. Hope there is some level up sweetener from Todd/HZN, however regardless after three years of talking prospects in this permit glad to at last see a drill lined up. Plus we can be fairly sure of any Whio discovery being high margin, without a lot of front loaded capex.
A 14% drill for something more exciting, and potentially company making can wait.
EL
new zealand announcement, page-10
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