agm 2013 vote pope, page-26

62, the past is just that and of no relevance to what happens or has happened since. Yes, they would be in a great position but they fail to work with what they have since. My theory (friends) behind May is that there is or has to be at the very least, 6 mnth lead time before a drill. This is why Phil still spruiking a drill at sc63 before november 2012 as late as last July was laughable. Also, I know you have been in Nido for a long time and as such you will know that historically they have a good run prior to any drill. May should see NDO start to appreciate as news starts to flow about upcoming drilling at Galoc, hoping this will include a drill at Galoc nth. If he does find a jv for 63 , well and good and can't see any reason not to hold then, longer term. IMO this won't happen. He's had more than enough time to secure a partner.