Long term this is great news, 36mill will prove to be petty...

Long term this is great news, 36mill will prove to be petty cash.

I notice that Slide 8 says that MC has been given the option to pay for half the tenemenets on the same terms as Buru. Not sure why Buru would want to allow MC the option to bide their time, they should have to be up front with their cash as much as Buru - or pay more later if they want to wait!

Short term - I hate J.P Morgan. They'll take their 5-10% profit straight away and we'll see the return of $2.60-$2.70 for a week or 2.

I thought Buru might ALMOST be out of 'exploration mode' and onto proofing up some reserves. I'm happy for more tenements, but if this just means more drilling and no reserves I will probably be a bit annoyed. I'd like them to start getting on with business.