They need to do more. Cash has dwindled from a healthy 8m to not much at all. For all their advertising of "drill, drill, drill", and "money in the ground", E79's exploration spend only rose above the average of all penny-dreadful ASX explorers for a couple of Quarters in 2023, and since then they have thrown in the towel - with more than six Quarters of decreasing exploration spend.
Thankfully Admin costs have declined since listing. Probably a proxy for inactivity.
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