Ann: Annual Report to shareholders, page-10

AS calendar 2023 has played out exploration and development mining and energy companies have fallen out of favour.

Fallen out of favour due to shareholders having minimal appetite to stump up cash to fund mine development capex with paybacks several years down the track.

That SRN has teamed up with MISA of Saudi Arabia is a fantastic pathway to encourage a new partner to help with development capex. If this comes to fruition along with a decent PFS in November then the SP will definitely take off.