Ann: Clarifying Statement & Updated Investor Presentation, page-47

They should do as other posters have suggested and give up trying to spruik the kangaroo pasture that is anything with more than say 400m of cover, they should have done the MMI soil sampling much earlier (as many posters on here noted a while ago) so they wouldn't be in this position now, of awaiting geochem MMI soil assays before they book a drill rig. If they are going to try to generate a Paterson target they need to work within sensible depths of cover and assemble the same geophysical and geochemical evidence that other successful explorers in the Paterson got before they drilled.

Their track record in shallow exploration is pretty woeful (holes to the centre of the earth, no supervision and downhole surveys done on Carlow Castle RC drilling etc etc) and speaks to a company that spruiks nearology without much technical competence and chases the latest trendy shiny thing before they have done the pre-requisite ground work, so I don't all of a sudden think they are going to get better with deeper, more expensive and even higher risk exploration targets.