Ann: NST: Northern Star makes $150M offer for 49% stake in EKJV, page-28

You are wrong and an embarrassment if this is the depth of your knowledge about the joint venture. TBR and RND have always paid their proportionate costs under the JV both for capital development and mining operating costs. As mentioned the milling arrangements have in the past either been paid through toll treating fees to the JV operators or through third party private mill operators at times when RND and TBR have decided to treat their own ore under the JV arrangements which allow each company to take their respective randomised entitlement from the ROM pad.

What’s more the two companies have fought very hard for shareholders when in the past the bigger companies (operators) have tried to do dodgy cost shifting, ie taking personnel from their loss making non-JV operations and shifting them into to JV operations. ie stacking the joint venture work force to get RND and TBR to pay a disproportionately high cost for running the JV.

Maybe you shoiuld post facts instead of the dreamt up absolutely misleading nonsense you have just posted. Esh