New crux, page-11

Freddie in addition to the obvious of what Karma has pointed out, it's also simply also a matter of delivering something of value and somewhat bankable. Because they are continually modelling the resource as the drilling progresses they have a good idea on the likely reserve and annual production output. A mega resource is great but the proper valuation of a company is based on future earnings potential, which until expanded is capped at out, free cash flow and NPAT.

Simply put, what he means by line in the sand, is that there is no point wasting much more time drilling, if we already have enough to get this into the step stage of development.

I like their strategy. Define a resource. Demonstrate potential across the district with a number of drills. Prove we hold the concession to the best gold fields discovery of 2021. Then, if needed, we all help out in finding a buyer for our prospect.