Ann: Exploration and development update, page-37

A great vote of confidence in ARL, I am really happy with this development.
This further reinforces the comment by Dr Matthew Painter in our phone conversation yesterday.

(Matthew would like to take ARL resources to mining stage and beyond.)
However if someone arrived with a big pot of money ARL could be sold.

How great would it be if we could spin some assets off, all the time keeping the best within our control.
(We already know how to do this, we were split from Heron)
By spinning off some of the resources we could possibly internally fund development to completion.
The benefit would be to fast track development and no CR.

One of the problems with doing a CR on a company with such a small registry is cost and popularity.
Raising the share registry is another means, but this means dilution.

Our assets have huge diversification possibilities, we cannot do them all justice at the same time.
For me PFS, valuation and a spinoff of non-core asset makes sense.