RE: Cambridge House Conferences and other ramblingPickin,
How does this idea sit with you. Newmont has wanted out for some time and for some undisclosed amount of money. This has been pretty obvious now for 3 years. The partnership agreement stated that once the project moved from 'exploration' to 'mine development' that non- participation ( ie. proportionate budget $$ ) from either partner would lead to serious dilution in their % ownership. The longer Shore takes to move the project forward , the easier it is to have the project economics improve and the easier it is for Newmont to sell their position. As long as the status of the project is not 'mine development ' Newmont is safe. And by moving the Star mine/pit to the front of the line it removes the need for Newmont to participate as the agreement states that 90+% of the Star is up to Shore. To me this -more than anything else -explains the moving target for Final Feasibility and Go decision .