i respectifully disagree, they are clearly focused on the tin but its alot of sitting around waiting for the weather to break and the approvals to come through on the projects. In terms of the new tenements, I suspect that was more protectionism then a genuine desire to go after lithium, don't want to build a monster at taronga and have someone set up shop 2km west and find another deposit. The Cobalt drilling, i think we'll be glad they did that, and again, they are basically sitting around waiting so glad they are progressing stuff rather than sitting on their hands burning dosh.
Maybe i'm looking at this differently though as I used to hold a big chunk of MCT and they have a nasty strategy of buying a new tenement as insurance against bad results on existing projects. Issue bad results, followed immediately by some insanely aspirational appraisal of the new project secure.... they have like 15 projects on the go at the moment. So comparatively i'm content here.
