Very nicely put ptan.
So basically anything can happen.
Very testing times ahead for KRR. Going from exploration into possible production
with minerals relatively new to Australian companies. Are they up to the task ?. I think so. But are they better of Farming out and keeping a smaller percentage of either Vanadium or Fluorite, and recieve a smaller but regular income from them and keep exploring.?
I also need to remind myself that the Speewah Dome and Mt Remarkable were acquired after previous explorers walked away, but left behind historical results. Results KRC interpreted to have potential and requiring further investigation. So what im getting at is that KRC did not find these anomalies/ resources, but they picked up were others left off and got lucky,,,, very lucky.
They have a "next phase" ahead in exploration in the NT and soon to be granted leases south of Mt Remarkable.
Again following old historical explorers.
So IMO they need to prove up the current gold drilling to a minimum of 1mil oz's or find new resources before they farm out interests to a JV partner. Otherwise we'll go into a huge debt funding and dilution situation. As the days go by i feel the SP is being held down to a suitable price for a JV partner to come on board.
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