I partially retract my disagreement.
Here is the link: http://panterragold.com/userfiles/file/news/28_3_2012%20Investor%20Presentation.pdf
As Mr Music says, it's on page 19.
However I still don't see that this would be the best use of cash, but clearly management thinks differently. I stand by my assertion however that 3c is probably overly optimistic if a dividend does end up being paid.
watch the gold price, page-6
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