Ann: CYL: New exploration licence application and drilling update, page-20

The signing of the JV with SVY (for peanuts) is unbelievable. They're getting next to nothing for a property surrounding what in a few weeks could be a billion $ copper gold discovery. Kerry Packer used to say you only get one Alan Bond (re Channel 9). Chris Cairns can probably use that line now. I'm a shareholder of SVY so happy there but do I feel like rewarding NML directors and mgt with free opts (and a ST cash incentive) for delivering what exactly? They're nice enough guys but this is business and I would sack all of them. DYOR.