Ann: Wiagdon Thrust JV - Exploration Update , page-5

re: Ann: PEC: Wiagdon Thrust JV - Exploration... from what I understand they (PEC) are required to carry on solo until a feasibility study and a decision to mine or not is reached, from that point ORO and Perpetual split the costs or one buys the other out or they sell the lot who knows. that's just my basic understanding of the agreement. I wont get a chance to look into it further until the weekend, but at least there is something on the horizon for us.