SS - exploration is a bit like lotto when looking for new...

SS - exploration is a bit like lotto when looking for new deposits (as opposed to determining boundaries of known deposits). Great if you win with a big new find but a complete waste of money otherwise in hindsight.

I think OZL should have a limited exploration programme - maybe 5 mil per annum looking at the best prospects in a priority order nearby to their existing operation at PH (or nearby to planned operation at C)

Interesting thoughts re stockpile Maybe a better idea is to have a maintenance shutdown at that point, if price still to low then go into a care and maintenance mode and just pay key personnel to stay on board to restart operations when price deems it viable. Capital infrastructure in place well maintained = quick startup.