Ann: Godolphin Farm-in on Advanced Rare Earth Element Project, page-12

Lets face it, with the exception of Alkane no-one has really had any luck on the Lachlan Fold Belt looking for porphyry deposits, including Godolphin. The cost of the required deep holes drains the coffers very quickly. And to be honest although Boda is a gold deposit, ( but no copper to speak of) and its large in volume, the gold values are low. Maybe size makes up for that it but for junior explorers looking for these deep porphyry systems its like chasing moonbeams and spending a lot to do it. I'm okay with GRLs new direction, at least we know there is some thing there in the rare earth jv lease, size and grade to be determined, but its better than going slowly broke chasing moonbeams