No surprise really, but still disappointing to have it written in plain English.
As the announcement states, the best thing they can do is explore and drill while waiting for more supportive commodity prices. Regarding the Tin, I am still hopeful they can get a similar deal to what KAS has done by getting a partner to buy into the project, say 20% for cash and funding for development.
If Tin moves solidly higher, or Iron ore for that matter, then we will be back on track. Poor Tasmanians, economy is a shambles and no jobs, now even less jobs.
Ann: Riley DSO Project Update, page-2
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