Odin will be drilled, but getting Vali online and having Cervantes drilled are the key priorities and commitments. Odin as a government commitment has been delayed by 12 months, so there is no pressure to drill it tomorrow.
We need to look at cash levels for both companies as it is not an endless pool of money.
I agree, Odin looks good as an exploration play, but Vali looks better as a development play.
AL
MEL Price at posting:
3.2¢ Sentiment: Buy Disclosure: Held
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