In order that GBN.V participate in this kind if JV, the mill would have to have some excess capacity, or this just serves as another distraction. Grades here are, at best, average. Of course, the CEO is also the managing director of GBN.V with minority control. Nothing to see here.

You might consider what the purpose would be in diverting the bulk of mill capacity towards another company in which there is a glaring conflict of interest. I would be curious to find out the reasoning behind cutting mill capacity by half, for such average results.

http://www.marketwatch.com/story/masuparia-prepares-to-sell-gold-to-finance-drill-program-2013-12-02-111733942?reflink=MW_news_stmp

-F6