Balladonia is one of our longer term JV projects with South 32. They must see merit in the 7 target holes if they are committing $$ to fund the drill. Thats also a benefit to us as we get 15% as admin fee . Exploration takes time and when others are stumping up the cash often its a sit and wait.
One thing to remember is that S32 have the means to accelerate and fund projects that show promise.
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