Some negatives1. No more talk of cash/gold hoards, best financed etc. We will be a company in debt, need to measure this against others, ie Newmont. Therefore future deals will be at the expense of dilution save if we last thru warrant expity which are an automatic source of development funds.
2. Pueblo Viejo will definitely be a recourse financing hedged deal; no way Telfer can change that as a minority partner.
3. PDG was more than just a poorly managed company with ill-defined objectives...........it had poor assets, some of which are now ours, ie- the Kinross joint-venture crap.
4. We are on our way to ounce counting folks; and our low cost and political low risk are the remaining selling points. Next to go will be low cost as we ramp up our reserves and our production...but we will simply be more like the rest only bigger.