Ann: Exploration Drilling Update, page-10

Issues resolved now:

1. Capital and Opex cost now in a realistic zone
2. Early cash flow confirmed with shallow drilling with an average DTR of 10.2 to 16.9% with several holes above 20%. This is a massive win.
3. Achieved objective of proving value engineering of new processing circuit with reduced cost and a by-product ( ore sands)
4. Deep involvement of Flinders port is again massive. Why would they be involved at this stage if they have no confidence of mine built?
5. Major project status in Federal, NSW, and SA gov.
and so on...


Re-rate should happen soon..! imo