Ann: Drilling at Port Gregory & Red Hill to Commence in November, page-6

yes I understand that part and would agree with you that it makes sense to increase our mre. But why not put that as part of a PFS, it can be done simultaneously and we save on cost and time.

only thing is with a PFS it will definitely cost a bit more than just drilling to increase mre, so I guess, they are hoping that the share price will rerate much higher then, however as we have seen so far, it may not necessarily be the case, especially if the market does not see that we are able to get the funding needed to mine and put up a plant.

This also kind of shows that there is not sufficient cash to go to PFS but enough to drill, though definitely will have a raise halfway through I assume with the very high salaries of the board.