As long as Brad Cooke continues to be involved as the CEO, that is the ONLY "confirmation" I require at this stage of Carnac's evolution.
I have plenty of dry powder just waiting for a pullback to .12 in case that may materialize in the near term future, but have very little belief I will get that lucky.
Keep in mind if the goal was only to get into production, the company has "unlimited" available shares to offer to get there. The fact Mr. Cooke is instead aggressively pursuing a JV to achieve production is good evidence that he is working the company diligently towards increasing shareholder value.