Things I would sooner see the company spending money on than...

Things I would sooner see the company spending money on than dividends, in order of preference:
- Geologists (more, better)
- Investor Relations (presentations, conferences, website upgrade)
- Reserve drilling (increase mine life to 5+ years)
- Plant upgrades (increase throughput, lower costs)
- Mine upgrades (add/improve declines, better technology)
- Brownfield Resource drilling
- Promising Tenements
- Greenfields exploration (farm in's)
If they do all this well then they'd have more cash than they'd know what to do with, and then they can pay dividends.
Board and Management should get a pay cut or replaced with people more capable.