Not a great deal of risk though
$200k being spent on drilling ($100k paid for by WA government) - 1,000m pencilled in
If they strike and increase the resource, it is a massive return for little outlay
If they miss, they still have $5-6M in the kitty and can walk from the JV
I suspect we may get news of a 2nd project soon also, hence the presentations to spur up interest
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