Ann: RIU Conference Exploration Presentation

Good effort by the exploration GM, Peter Ruzicka, but I think he gave the same presentation last year. Not much difference I could see in spite of the 12 month time gap. For example, most recent discoveries back then I recall were Eridanus and Bartos East and same again for this presentation.

They've been sitting on a stack of cash for over 2 years now so it rattles my cage when PR says that one of their deposits is "just begging" for more holes. So why the feck have they not already drilled those holes. And he says there are lots of potential up the road from Penny. Penny's got what 3 years left? so if they are going to discover and develop a replacement for Penny there then they need to pull their fingers out now.

Interesting that the dude from Musgrave Resources yesterday used a bit of his presentation to talk about the prospects of the tenement they picked up just to the south of Ramellius holdings at Mt Magnet. He said something about some of the rocks on their block looking similar to what is at Eridanus (he might have been taking the mickey though).

good effort? I dunno about that mate.

why on earth are they effing around at Rebecca, P-weak JV ground etc and not drilling for MORE penny's? instead I see REE results .... really? load the bullet...

I do see some interesting magnet work ... but this guy shouldn't be driving the exploration effort. MV needs to pull his finger out and get a new bloke with a bit of nouse.

Imaging if the GCY boys had the reins? it'd be raining bloody ounces already