Ann: Drilling Update for Paterson Project, page-48

Being a long term holder and having watched this story unfold over many years, there is definitely potential:

1. Potential for a starter mine (this shallow, high grade deposit is begging to be mined);
2. Potential for a scoping study to be delivered;
3. Potential for a MRE to be announced;
4. Potential for in-fill drilling results to be announced;
5. Potential for CSIRO research project to reveal something more than the mafic-ultramaficintrusions being of Proterozoic age and belonging to the WarakurnaLarge Igneous Province;
6. Potential for the very first seismic surveys to identify massive nickel sulphide deposits at 1km below granite;
7. Potential for it to be economic to extract that massive nickel sulphide located 1km below granite;
8. Potential for small pods of massive nickel sulphide to be heralded as continuous;
9. Potential for a field of EM conductors to turn into an economic deposit and MRE;
10. Potential to abandon nickel exploration and turn to copper;
11. Etc.

I don't think JP never had the vision to create a mine. His vision was to find a substantial deposit and sell to the highest bidder. He said as much in a pro-active investors video some years back. Problem is, there just isn't enough stuff there, so potentially it's further down hill from here.

It is exploration, so what should I expect?

All IMHO.