The price of copper determines whether the currently identified...

The price of copper determines whether the currently identified resource at Kalman will be economic. The co can spend some money and do a conceptual mine planning study, but even then - its a few hundred K to do that.

Kalman has not been fully explored or delineated. The best intercepts are at depth and you need 400-600 m holes to get to them. If the company had a spare $10M, im sure they'd spend it on Kalman and they'd get results. But they're conservative and going for the low hanging fruit with the limited money they have...and we have shitloads of low hanging fruit - other than Kalman - yet to be tasted...Yandal being the obvious ones.

Note how Kalman was not included in the JOGMEC JV - that tells you theres lots of implied value in Kalman but people did not want to pay for it and preferred to put their money in the other low hanging fruit in the Mt Philp ground...it also tells you that the co has a price on it and if a big player came along with the right deal, Kalman will be back in play with someone else spending the $ nutting it out.

Patience grasshoppers...