mate they've been reviewing SA for nearly 3 years. The have the cash to be exploring more than one site at a time. I think the fact that after the last Durnings results, they turned their focus to another tenement that was considered so non-viable that the previous owners just gave it up for free speaks volumes about the confidence management has in the quality of our current tenements.
Even if there is a viable resource there somewhere, at the current rate, we're more likely to exhaust the revenue stream before finding it.
I'm not claiming to be any sort of expert here, but if they're required to shut up shop for ~6 months of the year every time it threatens to rain in NSW, maybe that time could be used to explore SA. Or literally any other site. Or for an extended Euro vacation.
If we do manage to find something, it will have absolutely nothing to do with the quality of management, and rather more to do with luck.
Harmanis is worth nearly a bil btw, what he accumulates when the price drops is the equivalent of shaking his pockets for loose change.
Ann: Exploration Update on Initial Drilling at Durnings South, page-32
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