Eodway,
What I found interesting in Pete McGraw's presentation was the fact that only the 1 project with Fresnillo is a JV...all their other properties are 100% owned by MAG....so any discovery there is all ours!
The fact that they are finding great results on these properties will make MAG independent of Fresnillo in the long term....maybe they might be bought out on the JV, but the others are what will make this an outstanding company.
Best Regards,
Long for Cash