I think this is a good announcement. new targets identified with no historic fossicking, old targets re defined. A farm in partner to shoulder the burden if developed into an income producing asset. Maybe not a tier 1 or 2 asset but a potential money maker with half the risk and half the reward (thanks to a farm in. Not sure on the costs to develop it or even if it is feasible, yet?
This further exploration and new finds does add value. like a treasure chest. we now have the key, we have shaken the chest and it is heavy, now we need the crc to loosen the lock and get a look inside (drilling or more exploration/JORC) further down the track obviously.
This could give us some much needed regular income cash flow, or at least a more salable asset. Every dollar spent is returning multiple dollars.
look after the pennies...
BMB Price at posting:
10.0¢ Sentiment: LT Buy Disclosure: Held
