via Research Associates - Rob Arnott/Cliff Asness Paper

The following link is the location of the paper discussing the relationship of higher dividends/higher growth vs. lower dividends/lower growth.

http://ow.ly/fOv0I

This was the paper mentioned by Hodson in his article, only the link posted was not working.

If you take into account that GBN.V should be operating basically two mines and could be producing at the rate of ~75k oz. per year, the company is well within its means to engage in a bankable feasibility study and expansion. Not only that, it could very well be within the means of the company to pay out a high yield at the same time.

-F6