Ann: Quarterly Activities Report, page-8

I just don't see why they'd get in if not to get something happening. If they announce a gold project, ideally in a safe jurisdiction, along the lines of Pickle Crow (former mine, little/nothing upfront, maybe not quite all of it, royalties etc.), there's no way this doesn't have an enormous re-rate, and that's before you start drilling, announce a resource etc.

Moreover, while gold prices are predicted to be solid for some time, there's probably not much of a reason to sit on your hands in an environment like this.

I suspect (hope might be a better word) that we'll see an announcement within a couple of months of the AGM.