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I'd still greatly prefer that they spend their limited exploration budget on Kanmantoo. Indo is a very shakey place to do business and it will take a truely exceptional world-class find to attract any serious interest from a Major... and you must be a Major to build a big mine there. No way will they be able to confirm such a find on a $10 million dollar budget. That's peanuts. It will take 10 times that amount and several years, at least.

It's not just the money that concerns me it's the energy and people's time which could be more productively spent developing the Kanmantoo district into a world-class "elephant" as quickly as possible. The potential there is huge. If I were in charge I'd be focusing 100% on the K district.

I'd look to JV the Indo exploration to a Major for an earn-in and forget about it for now. I suppose that is their ultimate goal and they have to spend a some more to prove things up a bit even to have that possibility become available. As outsiders we really have no idea what the actual plan is. I'm just tired of the Indo exploration sales pitch. All I want to hear about is K, at least until the operating cash flow becomes very substantial.

Regardless, HGO is a steal at the current price, but unfortunately most of my money is already sitting in HGO at a loss over the five years that I have been investing.