Morning all.
@AceRimmer
There is not value unless there is expansion of resource.
That takes $$$ and in this case they are spending it very well.
The last thing I would be worried about at this early stage is the cash holding.
I would suggest that one keeps an eye on this but I will assume that if this starts to reduce any quicker that they have upped the pace of exploration.
6 quarters takes us through to at least the next financial year without a raise if you consider 8.8
Kind regards, Wack.
Ann: West Arunta Project - P2 Drilling Update, page-51
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