Bitter and twisted... hardly. Cynical... absolutely!I won;t let...

Bitter and twisted... hardly. Cynical... absolutely!

I won;t let you stop me as things have it. So far I haven't bothered commenting on DRE sticking their into taxpayer pockets quarterly, because I support genuine exploration incentives, though more greenfield than drill-out along strike or at depth. A quick look back at DRE releases and we have these previous handouts reported...





Personally, most of this exploration is brownfields expansion within a project discovered 3 years ago and well drilled out and scoped for potential. Sure, there is more C-suit carbs to drill, but show me an exploration company that doesn't have areas open along strike and at depth to their discoveries???

No... but what shocked me was the quantum of $2.1M for ongoing metallurgy study work on a deposit right next door and of the same mineralogy to Yangi, which has 10 years of met work already under it;s belt that DRE are leveraging off and will no doubt come up with very similar results. Since when did ongoing feasibility study work and iterative met work start justifying $2.1M of guvvie money How much genuine greenfields exploration could be generated and funded for $2.1M that might actually leed to a new discovery, not just cover general revenue because the met work was always going to be done by DREW regardless???

I'm shocked and frankly a bit disgusted that met work is recieving such a large handout, but others might have different views... holders, especially. How does DRE monetise the $2.1M tax incentive other than passing on that deduction in a CR placement btw? (I honestly don;t know how it works).

End grizzle...GLTAH