Ann: Tennant Creek Drilling to Commence, page-109

I do agree with you that the project and asset of HPA is still under KRR’s roof and has definitely got value, but that value is irrelevant unless an interested party comes along and offer KRR a damn good deal they couldn’t refuse like the Speewah project. The market for HPA was there, except KRR underestimated how much of a minefield the HPA market was, and was finding that it took a hell of a lot more to get there HPA project to attract some big bullish investor/s and hence why KRR went through a lot of cash burn which caused there share price to depreciate even when those announcements were of good news. I am also glad that KRR stopped the HPA, as the gold realisation needs to finally be revealed in value.