Ann: Quarterly Activities Report , page-24

Agree with Mow here.

They have emphasised that they are fully focussed on their current portfolio and will not be pursuing any projects outside of Loongana, Narra and BV.

BV is very exciting and with the USD where it is, this is a boon for the US steel industry IMO.

Narra/Loongana are definitely not write-offs, with Loongana being a technical success (i.e. defining mafic/ultramafic system) and Narracoota throwing up some interesting results.

But there might be other projects that move earlier albeit it with more 'good news' priced in.

Good luck to all holders. I am more encouraged now then I was before the quarterly and it is BV that I am most excited by.

PS: I don't understand all the comments about capex at BV? Surely the role of specs is to find mineable deposits and then raise capital to monetise these deposits?