I absolutely mean no disrespect, but when I read the quarterly, I don't read it as the company spending $17m on McPs.
I read it as the company spending "$17m on exploration AND McPs."
and
I read this as a "speculative" investment with the potential to be written off.
I admit that the company is investing and spending money on McPs, but what percentage of that $17m, I cannot say.
I am happy to be corrected, but again, on reading - for me - I do not read it as $17m spent on McPs.
Ann: Quarterly Activities Report, page-87
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