I was at the general meeting today and Dave said the company has...

I was at the general meeting today and Dave said the company has already spent all the money for this year’s drilling programme and has enough to cover most or all of next year’s programme. Dave also said that a few months ago the ore sorting process was almost a given - but now, with the size of the (potential) deposits having significantly increased (4100N has grown while Thunder and Lightning Ridge have been added, though not quanitified) froth flotation was now being considered as an option. It requires more capital but will potentially be the better option given the increased (increasing) scale of the operation. So Dave is not committed to more capital than the circa $20M that was previously a common estimate / guestimate - but he is weighing the higher capacity options because they may ultimately be more suitable. They’ll be more suitable if we end up with more resource - a great problem to have, not a liability. He also said he doesn’t consider the choice of dry sorting versus froth flotation to be price sensitive - it will simply be announced when the decision is made. So he’s not committed to the larger capital option - but may take it if it suits the business. Most explorers would love to have the higher capacity option as one they need to consider!