So.... as usual, a long quarterly.
What I feel is most pertinent is the update that we will be receiving in the next 2-3 weeks regarding the Bradda Head J/V.
Its such a cornerstone of the company now, in the sense that it has $6m AUD free carry to be used, plus have a Billionaire attached.
Plus continuing to pick up more ground.
Then we have Turkey and the gold project, with Teck, which I assume will be sold off in the near term, even though the results have been very good.
Its a shame that they have not been able to get another J/V for Split rocks to undertake a full drilling campaign for Lithium. I would have thought the Earl Grey discovery etc would have enabled them to entice some interested parties? Although perhaps Bradda wants in on it, and so.. we sit and wait for them to have the cash from the Listing?
Then you have the Earheady Zinc project with RTR paying the bills for some diamond drilling (annoying I see that their MC is 50% higher than ZNC...). Drill results are awaited...
Develin creek shows promise.
The company sold off one of its projects for $2.75m ($250k p.a). Will greatly assist the company considering it does so much with so little.
I also note that the company continues to expand its U.S exploration portfolio...
Oh, and this little clue to future add ons -
I do think that Bradda needs to start getting a move on. While I am sure they were smart enough to not include timelines for actual expenditure, I do think its a poor effort that its taken so long for any actual work to be completed. Everything is basically permitted and waiting to be drilled.
Plus, ZNC has been sitting on the Burro creek resource estimate for close to 12 months, all to keep Bradda happy. Seriously.... its poor form.
Anyone heard anything about a Bradda listing?
