There is a randomness about exploration which makes much of it a...

There is a randomness about exploration which makes much of it a lottery. Thus questions about why you didn’t make a discovery and by implication did destroy the share price, only take us so far….

But…. As I have said previously there is also company strategy. So my question would be:

”Given the huge holding and it’s obvious potential why have you not entered into JVs and other relevant mechanisms to share cost and risk and avoid catastrophic dilution of existing shareholders, particularly as this may have enabled the company to concentrate on growing and developing its current resource and thereby generate additional interest?”