Reading comments like "BHP without a shovel", and more projects...

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    Reading comments like "BHP without a shovel", and more projects but no work done on current ones, etc...
    I am not sure how well those posters know about mining but i would like to point out as below.

    1) The wet season is just over and they obviously couldn't do any drilling during this period.

    2) Management has also clearly updated the shareholders that they plan to start drilling on the Tin tenements, the copper tenements in US, the Lithium tenements as well - you just have to read back the announcements and updates.

    3) At the same time they have been working and not just sitting idle during the wet season with regards to the projects we have.
    Tin - we already have an offtake, please tell me which company has something similar without a JORC?
    Lithium - We are working with Yahua, there was recently an update and it seems some interesting agreement is being negotiated, might be an offtake and something else? Again do tell me how many companies have something similar?
    Austrian Lithium - There might be something with Yahua here as well, however we already have a working JV with EUR to expand the resource.

    4) New projects, I feel it's good that management is looking at new projects as well, while they are still reasonable. In any case, so far the projects they have bought, seems like very solid projects and with exceptional terms (look at US copper) and low cost.
    It makes sense to still look at projects while they are still doing drilling, doesn't seem like a drain on the company's resources, we have more than enough cash to do drilling and come up with an MRE for all our projects and this is not inclusive of the drawdown facility yet even.

    All in all it seems like a good strategy as well to get others involved in the projects at an early stage and enable us to move forward with assurance there are buyers and also have the partner perhaps fund some of the cost too.
 
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