Ann: Results of Meeting, page-12

I agree in part. But ultimately even if everything goes according to plan they have to reach the tipping point where they have proven up double what is presently identified to be there in the way of a proven resource. That point is set at being 2024. Correct me if I am wrong but they are not able to take effective control of the project until 2024. In other words that to meet the criteria to move to maximum ownership they have to get the resource proven at double what it is presently. Therefore VIC will be spending a lot of money (where from ?) to achieve those stated milestones with no income from Coogee. Yes the gold price could go up more (maybe very much more) and that could provide a bit of excitement but unless VIC can get some money coming in from a project then it would have to rely on handing out more and more shares to would be sophisticated investors.
There has to be something else in my opinion.