Well one only has to look at the Goldfields and Tower hill jv's to see where the money will come from... It is much better to find 100% owned potential projects, do minimal preliminary work and then Jv them to deep pocket partners while retaining a 30 to 40% carried intrest up to feasability.

Newman Todd can wait a little longer for favourable financing terms or a major to buy in.... NT is the culmination of RGC's Red lake project retaining the premier land position with the right geology to contain a multi million oz resource.

I like Scotts way of thinking.... cull the small potatoes and concentrate on the multi million oz potential projects, use other peoples money thus keeping the float as tight as possible.

Goldfields should have their initial drilling done by now and results will be trickling in from the RC and core holes.

The next level of project financing by Goldfields will give an indication of how big this could be, and an indication of confidence in the project.

Tower Hill was to have a resource est out soon.... Not sure where this stands at this time.