Hi XrsismThis following is pure speculation from my part, I feel...

Hi Xrsism
This following is pure speculation from my part, I feel the following strategy is in place.

Knowing that we have one of the largest prospective mineral .holdings in NSW with meaningful resource success at this stage, I feel the following strategy is applicable.

We will continue developing CHE, with the next drilling stage being to define the resource more specifically. This will take money.
Simultaneously we will further define and develop Lewis Ponds, reason for this is the GOLD.
I believe the gold at Lewis Ponds or elsewhere represents an easier pathway to generating revenue quicker,
This is achievable in the following manner once we are ready.
- To define a gold resource, develop and mine, or toll treat that resource generating revenue.
- The revenue from this will assist in future funding CHE moving forward if the porphyry is a large one.
- Management are not in the business of selling resources or tenements for monkey nuts, so that is off the cards IMO.
- There could be a degree of JV on less significant deposits assisting as well
- There will be more capital raising from higher price points I hope, that is a given should CHE be a large ore-body.

GRL will most likely be worth a fortune in time, name of the game is to hang in IMO

Whichever way you look at it, because the largest shareholders with invested real $ capital are management, a minimization of dilution will be paramount, balanced off with time to market. They do not want to wait forever either.
A conservative productive approach keeping a small registry, maximizing results, I hope.
RED