What I specifically picked up in what EE said about DCN is that...

What I specifically picked up in what EE said about DCN is that the conversion of resources to reserves is the need for "Adequate Funding" and that clearly put at ease the reason on why CR is needed. In short the CR is with the full blessing or perhaps the encouragement of EE.

The statistical figure of cost figure of $15-$20/oz in exploration in brownfield area translating to resources return of $100-$200/oz is another good reason for the CR. So a $20M of CR to $100M-$200M of resource return is not a bad return. In time of a bull run, this return will become much higher.

Cheers.