IMO they have positioned themselves very very well over 3...

IMO they have positioned themselves very very well over 3 projects all with high impact potential Greater Fosterville - Koonenberry and now Glenlogan...
The terms on all 3 projects are over a period of years with no initial large cash outlay so the 8 million (cash on hand plus CR) is destined for drilling and Company / staff costs...
To farm out now to Agnico would IMO be on unfavourable terms as Agnico or another partner would sense that S2R is ""now"" after the start of the drilling having doubts of success in the short to medium term whether that is the case or not..
All S2R needs now is a bit of luck and to get some initial success at any one of these projects to give the share price a boost so that the next CR is at a much higher price than the previous 2 - Complete success would be great but just an announcement that we may have the elephant by the tail will do the trick to get us back into a uptrend instead of this momentum destroying CR downtrend.....
S2R went to market with 10% dilution and could of went the whole 25% at a share price that was at multi year highs of 0.205c when announced...So they are saving the other 15% for a higher share price IMO....
S2R have structured themselves with ownership of block 4 by Southern Star exploration Pty Ltd and all the other projects in different PTY LTD companies and this IMO as stated before is to be able to easily sell off a project like GF and retain the others with many millions in cash ....
MB IMO will be looking at the initial holes at GF and hopefully some Good EM targets at Koonenberry and that magnetic structure at Glenlogan where 1200 DD must be completed in the first 12 months. And positioning the next holes with initial success in mind IMO only.....

S2’s minimum commitment is to drill the Shellback magnetic anomaly within 12
months and to undertake 1,200 metres of diamond drilling..

Next 12 months should be exciting IMO....
Come on holders we have waited to long for the Drill bit to go down at GF and only have the results of the 1st 2.5 holes to allow talk of a farm out let MB do what MB does best and that is to find the hidden elephant at depth...GL