My hope is that the CR was essentially to pay towards...

My hope is that the CR was essentially to pay towards Legacy's share of Mt. Bevan development to speed it along rather than strictly exploratory.

Always looking for the half empty glass, perhaps the mt. Bevan holdup is with HAW struggling to pony up funds to keep the project rolling. Their secretary has just resigned, which is not ideal.

If I was Hancock, I would suggest the project might go on the back burner unless JV partners contribute x%, and I think it reasonable that the recent CR is NMDC making sure that won't be a problem for us.

Or any of the other reasons an explorer gets money... like... exploring...