Ann: Full Year Statutory Accounts, page-6

Nothing we didn't know brauninc.

Apart from contingencies @ Mac Creek, and with another La Nina now approaching, it could make progress tricky there...



Unfortunately, apart from being in La Nina and a bear market (mortgage anyone), Inca's in this quiet period in-between very promising Oz projects (Frewena and Jean Elson).

However, now seems to be the time for the company to go after low hanging fruit (max bang for min buck), conserve cash, whilst keep talking to majors who are sniffing around to advance our projects.

JVs will no doubt help us to put a floor under the share price. IMO it's only a matter of time until we get this (yes I know majors move slowly) as we've had a "successful" campaign over the last financial year "identifying large-scale targets on all projects" in our portfolio.



OK no discovery cigar yet after 8 holes in Oz but because we've got Broken Hill / Mt Isa / Olypmpic Dam potential we'll need major help finding and drilling out these monsters... Ah exploration, don't you luv and hate it!

High risk, and potentially, high reward... otherwise if this goes pear shape I'll be sticking to royalties, majors and mid-tiers!

All the best AA. Patient Poet

#Assays