excellent news. So off the back of salmon gums regardless...

excellent news.

So off the back of salmon gums regardless whether we hit or not we have another RC program which should either be commencing or close to.

Then there is a third program in play as well at fiery creek which as per the last investor presentation timeline was reference to commence earlier than saltwater.

Not bad for 1-1.5M EV

I spoke with the MD few an hour or so last week. Really enjoyed the conversation and strategy. A revised outlook on the projects but extremely focused to test the project or tenement and if it doesn't stack up. move it on.

This helps to clear the administrative burden in keeping all these tenements and projects in good standing with the regulatory bodies. If we test these 3 project in the next 3-6 months and they come up stumps - that's exploration. But at least they are having a crack. Take 6 months+ to get all the approvals, heritage, confirm drill contractor etc. so the effort from Late 2024 where old mate jumped on board starting to see some exploration output now.

Nothing guaranteed in the exploration game in microcaps but all you can do is spend the money wisely and quickly to decrease cash burn of overheads.

I'm here for 3-12 months to see what all these programs can deliver. at 1.5M EV downside is low so all things consider if it's raise and reset 12months from here. Can't see this losing 80% value or anything crazy. So all things consider probably jump on that raise and give it a second crack.

up to the drills now, but certainly giving them a chance with hopefully 3 drill programs on 3 project in 6 months. I can't ask for more as a holder.

SF2TH