Benchmarking against SFR is valid in the longer term if we can prove up a huge supergene resource in the upcoming drilling.
Shorter term, we are still relatively undervalued vs. peers in the exploration stage and hence MC upside.
Approval for exploration permit is imminent. NSW Planning & Environment has requested for some additional info early last week and we should be very close to obtaining full approval now.
Ann: Investor Presentation, page-45
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