The Dept of Industry and Resources under Carpenter`s ministry have for the past 2 years been vigorously pushing a "use it or lose" and a "first in time" policy. RIO let this piece of ground lapse some years ago and were given it back. Since then they have sat on it . From 1999 to 2005 they have not met their minimum expenditure requirement and have applied for and been granted an exemption for expenditure. The DOIR are targeting this type of tenement holder in their use it or lose it policy to free up ground and allow others access to it. IMHO if RIO get this ground back it will open a can of worms that will haunt the West Australin Govt and the DOIR for a long time. I dont hold CAZ and after listening to the Premier consider them a place bet.
CAZ Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
