I think youre being a bit harsh extrapolate.Exploration can only...

I think youre being a bit harsh extrapolate.

Exploration can only go so fast. To many longer term holders here the progress and developments of late seem relatively rapid, especially when compared to some of our exploration peers.

You've got to compare apples with apples. As always there are certain bottlenecks that are difficult to speed up but compared to the wait we all had to endure for the fosterville exploration licence etc, recent progress is at the speed of light.

The corporate development seems to make good sense too. We got more prospective ground relatively nearby but still maintain significant exposure to overseas assets without the expense and distraction of having to manage them directly from miles away, freeing up management to concentrate on the increasing number of interesting opportunities they have created here. We even get to pocket a good amount of cash and shares for the trouble too.

The other thing about the corporate development is that we dont have to dip our hands too deeply into our pockets to fund it and it gives us a few streams of potential news to help smooth out the potential volatility that comes from a small explorer when they only have one project that has intermittent or otherwise scarce market updates to keep the market enthused.

The overall market is fairly dismal at the moment so there is not much wind to fill the sails for many companies but I'm sure when that turns, or of course we make a serious discovery we are will very rapidly feel the love.

in the meantime I think management have set the scene quite nicely to maximise the chance of that happening.

So the little corner of the market that resides in my grey matter is actually pretty happy.