The exploration has not lived up to anywhere near potential yet. Clear and simple.
Collerina; tonnes not there yet, 5m width doesn't do it.
Yathella & Mundarlo; both first round misses, need more work.
Joshua; interesting but far from exciting.
The Board's lack of general spiviness is part of the reason there is only 400m on issue after so long. 2c sucks but you can't have it both ways. The promotion you want will never happen. Exploration success is the only way out.
HLX - the next 5 bagger cobalt/nickel play?, page-486
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