JV, music to any GHDC shareholder's ears. IMO, 1 reason why there are 2 entities. SFMI takes on debt and GHDC positioned to reap rent ($83,333/month) & royalties (15%). If a major does a JV, SFMI will probably get half money and half shares from the major and out of the picture but GHDC now sits on the sidelines collecting royalties from a major who is fully mining for years and years. GHDC a dividend cow, exactly what PQ's intentions were originally. And with the low o/s and float GHDC has, GHDC can possibly hit the $5-7 mark. A # that I don't believe SFMI will ever hit at this point. Let's see what the Q next week shows the o/s to be.

All IMO.