It’s expensive to dine and drink out in Australian capital cities! I agree, management needs a trim, at least until we have enough capital to be constantly exploring. Right now while they lodge exploration and drilling programs for government approval, they have a few months of waiting, that’s a part time role. They don’t deserve full time salaries. During the U.S. winter months I can’t imagine they are up to much other than lodging paperwork or analysing geophysics, but they probably outsource that anyway…
Newsflow has really dried up which is a good indicator that there is a lot of waiting involved.
Ann: Investor Presentation, page-8
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