Speeding ticket?, page-46

If we look around, a JV along the lines of what GOR did with Gold Fields (the multi-billion dollar gold miner), might be the appropriate way to go.
The'value' of the GOR resource is around $US8-10B, and they ended up selling a 50% interest for $350m. Then as a JV each partner pays for half the cost of further exploration, studies and production facilities.

I think our resource will be higher than $US8-10b, and only when a lot of the drilling and assays are completed can we make a real guess.

Assuming we go the JV route with a major, then I would expect a larger sum than current market cap and we retain 50% ownership, plus have the expertise from the JV partner, hence we are greatly undervalued at current SP IMHO.