Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-10

Perhaps, however the share price indicates the market agrees.

Gold price is doing very well. If companies do not make exploration substantial progress towards discoveries don't expect the market to reward that. These guys are working very piecemeal. It has taken up to now to start a vic/fosterville IP survey?? really? where is the speed of execution?
They have an abundance of targets to show some progress on. How about trying the methods that Fosterville used? I.e close spaced gravity. Its non-intrusive and you can get the work done.

I like the prospects. I even like Glenlogan (NSW) that I slagged above. Its a good target. When is drilling? all we know is there is a 12-months from Jan2024 when they announced the deal.

Good prospects, but overall the impression is they are progressing them quite slowly. There is not the sense that they are moving fast and the market can see this is a slow moving train they can get aboard at any time, hence downward drifting share price.