Ann: $10m Funding to Advance Drummond Basin Exploration, page-47

Not a bad idea, potential for 50% gains. Trading at sub $20m mcap for 1.6m oz in QLD, surely some upside in it.

I am not sure drilling hard in current climate actually makes sense. Spend $5m drilling to probably only add $2.5m to the mcap, then raise again and repeat? Would just be burning capital at that point. My opinion is we focus on all these JORC upgrades and studies, low capital requirement, just time investment while the market sorts itself out - give the market a view to the long term stratregy or early start up at Twin Hills potential. Simultaneously really spend the time to pore over current and historical info so that when we are ready to rise from the ashes as the market heats up again we can go after some of those regional targets as well as the main targets with 2-3 rigs. Third sister anyone??