The most recent announcement sheds some more light on the New...

The most recent announcement sheds some more light on the New Avoca tank (AT) prospect.
A few Points:
• Dave Greenwood and Milan separately at the AGM seemed to think this was a very high priority for exploration as a source of value addition.
• They think it is only the tip of a few VHMS pods as it if and if you find one you find many. Plus they have the geophysical gravity signatures that they can follow up surface or with Down Hole IP (Induced Polarity-intermittent conductivity ).
• The plant built and having excess capacity the profits will flow straight to the bottom line.
• I.e. They see the payback as more immediate than Temora and going along way to give them the ten to 20 year horizon they want at Tritton.
• Dave said they will wait till they have a little more concrete info the AT then will get the brokers to reassess SRQ. Also it will be a time to strengthen the story about the ten year+ mine life at Muro.
• They don’t want to be like RXM and create a lot of hype so it surges then falls.