"With this information we can make informed decisions such as: continue drilling to find the ‘Company Maker’; enter into a third party mining agreement to establish a cash flow; or monetise individual deposits, as we did in 2012 with the Mt Jewell Gold deposit".
"With the flexibility provided by our location we are not restricted to a single outcome.
Following a discovery the company can consider production joint ventures, asset sales or the development of a stand-alone operation at the project level.
A competitor may even find the company attractive in total.
When the time arrives, the company will focus on whichever strategy generates the best outcome for shareholders".
Well there you go, there could well be substance to the rumours.
Everything in there from asset sales, Joint Ventures and Takeoever.
Acra has clearly spurred them on with a drilling program set before Christmas.
I'd rather be in PIO than out at this stage, and comfortable with a large holding.
I see minimal downside from this level and blue sky potential.
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