why cr or jv?, page-3

Thanks webbside.
If on one hand we have one mine with plant and equipment which can produce 160,000 oz Au @$1,350 (say), then surely the net proceeds from that production can be put aside for the next project.
The Lock report mentions in it's closing recommendations,
" The well priced and well timed acquisition of a development scale project means management is required to be disciplined and rigorous in order to extract full value for shareholders. To successfully transform itself to a producer we have no doubt the Board will look to strengthen its management talent pool with operationally experienced executives. We believe the market would equally
endorse an expansion of the Board to increase its depth to reflect the company's changed circumstances."

I would rather see the company go down the road of employing competent, experienced executives in it's management team, experienced in all facets of mining and keeping the profits for us.