Nobody is excited by prospecting, rock chip sampling or desk top surveying. Even if they find gold nuggets and great rock chips it means nothing until the drills come to the party or maybe a successful bulk sample which is a long way off.
It's possible many punters will never get their capital back from HDY, they need to get lucky with some targets and free up enough cash to do a good amount of drilling before this goes very far.
Ann: Exploration Strategy 2018 and Board Changes, page-29
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