Maybe they are waiting for Hathi REE results in addition to...

Maybe they are waiting for Hathi REE results in addition to Shep. No other explanation. They know the news needs to be good.

They themselves have plenty on the line, including a heap of escrow options that become available in October this year.

The only thing we have going for us is that they had traces of the target minerals from their previous drilling to Shep and Hathi, hence they should hit something. Anything is better than nothing and should at least see a mild recovery in the SP. Whether it is any better than that who knows.

See below extracts from their original prospectus - Shep was originally to be 8 RC holes at 250m each for a total of 2km of drilling. They may have adjusted this since the original prospectus but if so have not provided any advice on it. Assuming standard productivity between 200-300m per day equals 7-10 working days. Assay testing obviously on top of this - again which they may be waiting on. Been 14 calendar days since the ann on 22/5.



The don't say how many holes for Hathi, just that the target is 'at/near W14RC045 intersection'.


Good luck to all holders, we certainly need it...