drilling is expensive, and money spent on drilling means less money to spend on remunerating directors
its a logical argument - at least from George’s perspective
and if one reviews the most recent 12 months quarterly cash flow reports you will see this is what VAL practices with $0 spent on Exploration during that time
…. but at least there was money available to remunerate directors
I strongly recommend VAL for anyone looking to be in an explorer that is afraid to spend money on drilling
Ann: Firetail Shareholders Approve Acquisition of Copper Assets, page-8
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