Ann: Tribute Mining Agreement for Cannon Mine, page-11

I had a little bit to get off my mind

... actually my real worry is that in a years time when chatting on this post, a take over offer doesn't come, we allow PC (in the interest of betterment of the company) to dillute another 50 million shares over the year in buying some stuff somewhere because it looked good therefore diverting our energy to something and the share price is sitting at $1.90 per share because we can't de-risk our execution strategy on the Big Murch. PC can argue that he grew the company from $520m mc to $750m mc but if he didn't dilute, was transparent on the return on investment for each purchase and divested non-core effort and executed on it's stratregy under the original guidance, a $750m mc would look like a $2.46 share price. 80c foregone from today's price!

I'm with you on MLX actually, if the can get Nifty into a good state then the options are open. I wouldn't be surprised if Central Musgrave Project is sold off after a new feasibility is done for a small mine .... The problem is the TIN as MLX only owns 50% and as such any suitor will have to be okay in owning 50%.