Well I like it.
It seems to be defining the new strategy, focussing back in the Carnarvon, in a low cost, low risk manner. Better imho for such a small company than globe trotting.
Despite the dissapointments in Thailand I think Ted still rates geologically, the Carnarvon is where he presumably knows best and has the best connections and he as a director will still have oversight - any substantial investment in these permits will have to go past him.
I am staring to see evidence that we might not just squander the cash in the event (likely) that Phoenix dissapoints. We seem to be building a potential post Phoenix strategy.
Am I correct to have this cautious optimism?
EL
Ann: Additional Australian Block Award , page-2
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