Yup. 1.8m isnt much.
But then again they aren't doing much in the next 2 months. FLEM and some ground surveys.
I would think a CR prior to July when roughly some drilling may happen (earliest).
The ground surveys and FLEM better turn up some serious prospects or that CR will be deadly.
having said that - I reckon the prospects are there. Just need the work put in to get tangible announcements to the market to place a value on ERW.
Get rid of "encouraging", "potential" and "reviewing" and replace with "discovery", "drill results" etc.
Ann: Errawarra - New EM to Target Ni-Cu at Andover West, page-4
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