Ian, all good points as usual...
The resources are really significant and PMH has made considerable investments in working them up and adding to them over the last two years. I think it has been challenging to make decisions on the future of the resource (especially AM) in light of the acquisitions and positioning activity, as well as the size and scope of the drill program and continued increases in the resource, as results come through.
These are now so far along and revised estimates on both are planned for this quarter... I don't see that they can continue to drill forever at this kind of pace and cost, and as a result, I believe that PMH will soon need to, and indeed be in a position to, make decisions on what and how to proceed with the resources - both Ann Mason and Sentinel.
Interesting times... DL
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