Turn an existing dormant asset into real working capital (cash). This reduces the near term need to dilute shareholders (via a cap raise) to fund more drilling..... that's a tick from me.
The fact the market hasn't even put in a bid in light of this $2.2m cash generating positive announcement demonstrates the sentiment towards the PM exploration sector at present.... it's not even in the toilet anymore.... sentiment has officially been double flushed and heading to the sewerage treatment plant.
Ann: Sub-Lease of Ravensthorpe Camp for $2.2 million, page-3
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