It doesn't make too much difference if the profitability is reflected in a higher share price or a dividend. You make money either way.
There is a lot of drilling and exploring to be done, on the current tenement and maiden exploration on the other tenements. This all costs a lot of money.
Imagine the dividend money is diverted back into the business. 5 years time there could be extra processing capacity at the current site, much larger measured reserves on the current tenement, and a second mine, and plans for more, on the other tenements The share price would be massively higher than today. Now there is a vision for the future that we could all buy into.
Sounds a lot better to me than buybacks and dividends.
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