thanks HT - i conveniently forgot about their exploration program and also the head office move out of that hideously expensive freshwater place.
but my arithmetic failed me terribly - the $US depreciation is more like 25-30%. this is deterioration on a massive scale and it could get worse real soon.
i still have high hopes for PH and won't be surprised to hear an announcement that a second PH sized tenement exists to the north-west of PH.