'Not a terrible read'.
Between the lines it reads 'Going into hibernation'.
Looks mostly like a cut and paste of the JORC statement. In the cash statement only 30K to be spent on project evaluation.
There appears to be no real budget to progress the project this quarter so the only factor which could lift the shareprice in 2014 seems to be a change in fundamentals or a buyer who sees value.
good luck holders