Ann: Quarterly Activities Report, page-8

Mongrel

If you read my posts, I never suggested that a merger with GRR was likely to happen. My point was that MGX should stick to what they know and what they are good at, and if they can't find suitable opportunities, they should return the cash to shareholders. Any company that attempts to diversify beyond its core competence is taking a huge risk, just look at the value the majors have destroyed e.g. BHP's move into shale.

Outside of the majors, the successful miners that I am familiar with have stuck to a single commodity and developed deep expertise in identifying and developing resources.