I would like to see a JV with the water rights holder (can't remember the company) but there are so many hurdles to clear first before we get anywhere near that stage. And they all cost money.
We need to do more drilling - costs money
Complete feasibility studies - costs money
Clean up the share registery - costs money
Two of the above would probably come at a huge dilution to us. I would be waiting until feasibility studies are complete before putting in any more money towards CAD.
Ann: Pardoo Exploration Update, page-36
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