I know there are many of you who do a lot of research and after Leroy's post this morning (Thanks Leroy!) and reading the article in his reference in that post, I went back again and looked over the Locke report and several announcements - particularly drill updates, from March 2009 onwards and have come to the conclusion that we really don't need a JV to fund any of this (do we?) or am I missing something?. My take is, why not update the BFS on all projects combined and fund one project at a time with 100% debt (ie no dilution) and progress from there. With the gold in Mt Freda we could commence mining almost immediately and service that debt fully. I'm sure HR and the board will only do what is best for the company and its' shareholder's and I know he (and the board) is in discussions with potential JV partners, but I wonder still about the 'sharing of the loot,so-to-say' Any thoughts fellow poster's?
QMN Price at posting:
12.5¢ Sentiment: LT Buy Disclosure: Held
