Ann: Binding 1.4MT Ore Sale Agreement Boorara Production H2 2024, page-38

The difficult part about being a small miner is that the amount of money that is generated tends to be small as well, so even if you are lucky enough to get into production and become profitable for a quarter or a year, it is extremely important to allocate these earnings appropriately as you are exhausting the little resources and reserves that you do have. That's the real challenge here. Is the management forward-looking enough to see beyond this little 1.4mt adventure, if it was to succeed? So far, they have only proven to be really good at generating their own personal incomes whilst dragging this little project called HRZ out and generating losses for the shareholders.