Jim
Corporate/staff overheads were high as they geared up for the EPA permitting route and the supergene drill programme. Drilling was subsequently delayed for months due to adverse wet weather and they only recently received the EPA guidance.
Things are moving forward and I think you need to cut them some slack as costs will inevitably be higher as they advance Sulphur Springs to a development. There are many exploration companies out there that have worse cost structures with little to show. Our guys have sharpened up their focus and are going to be mining next year!
BTW is this W2 theory just a bubble? VXR are in the middle of it but I'm glad they have a base metal project to get into development and if someone else proves the W2 theory then that would be the icing on the cake.
Jim Corporate/staff overheads were high as they geared up for...
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