Although the letter reads truly, the lack of activity is concerning.
Despite market conditions, the need for an agressive exploration programme is required. A cr should be done now, not too conserve money.
Imo I beleive they are waiting for the market too no only turn but but a potential jv before moving forward.
Intewresting too see further exploration in NSW on the AU tenaments planned for 2019 given the permit expire first half of year so here's hoping.
Ann: Chairman's Address to Shareholders, page-3
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