Rodb,
The spending fraction on the "exploration and evaluation" item is projected to increase from 126/586=0.215 (21.5%) in last quarter, as set out in Section 1 of Appendix 5B, to 513/777=0.66 (66%) in the forthcoming quarter, as forecast in Section 9.
If the projected estimates prove accurate, then 66% on exploring and evaluating in this, the December quarter, doesn't sound too bad to me offhand, although I'm quite unversed as to what reasonable, non-greedy levels of remuneration ought to be.
Cheers
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