as a point of interest, page-10

Think the theory is,Lefevre,that new drilling results will lift the interest and share price.

However PEK doesn't have the cash in bank for the full season drilling programme of $5million announced.
There is also the Metalurgy Programme to fund.

So assuming the low probabability of further CR's for say the next 6 months then our Top Management is going to have to shuffle the cash they have now. The drilling programme will have to be both Targeted and cut back.

imho finding more will not improve the share price consistently ie results will come out and the DT's will feed and we'll just drift along.

It's this dang Lynas debacle along with the ARU dudding out.REE sentiment is out the door and pekkers,in code

LYC has raised the spectre of SR.
that's the initials of Rash Factors,nudge hint.

Anyhow remember we got real "classy" Management so will they
concentrate on up tonnage the Measured Zone,confirm this area is the easily worked to concentrate production,get some sepation metalurgy work done on this areas samples.
and thus scope up a viable "core" area.

OR will they drill out the Phosphate prospect on the basis that it MAY be DSO or cheaply concentrated to get a Dang Cash Flow NOW!!

Interesting dilema but I wish this mob would release some news on their Management direction.Currently them and us are Bunnies frozen in the headlights.