Skaergaard Was Almost a Goer when Palladium was Half the Current Price, page-103

Donnie, 100% it will be amazing what is under these ice caps, it is an interesting and exciting time.

Id agree that Freidland should be our target as he we know from his large portfolio that he is interested in both the Scandium and the PGE's and is also a next door neighbour of ours!

The other majors are not stupid though, and I have said this before, majors within the PGE game know about most if not all of the highly researched and even not so researched deposits left.When it is all said and done It all comes down to commercials, and AISC and general ease to mine. If you are producing at sub 550 USD AISC and have a 50 year mine life, then why would you take on this balance sheet risk now, is it the right time, or do you hedge that in 5 years time the POG is 100% increased? These are what the Majors are doing and can do, so as investors we need to not only think about the mineral ounces for a second and also think about the raw hard commercials, opportunity costs and risk involved with purchasing Skaegaard and potentially mining it. 

Look, I am really hoping that a JV is done, yes it worth something, but realistically its worth what someone is willing to pay for it once their Analysts have come up with a number. Again, what is that number, who knows. Lets hope its a good one, if it is a good one, with the right partner watch PGM take off to the 50c region.