As part of their lease obligations I recall that they have to spend $250k pa on exploration. Thus, as Plough has indicated, this @ $150k goes well toward them retaining their lease.
It does seem, however, that they are stepping up to the crease wanting to smash a "Yes Bank Maximum" (IPL cricket tragic)
You never know, this one hole could be a blue sky one :)
Cheers
John
Ann: Burns Prospect Magnetic Target , page-6
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