There are NO plans, nor CASH to drill out the "exploration target"!!
There will soon be a JORC compliant resource, that is much smaller than the 1-2 Billion tonnes that you keep promoting.
Then the bubble chart will be comparable to others on a like for like basis, a JORC resource compared to other JORC resources.
MY take is that constant ramping of such large numbers, to be followed by an "indicated" JORC resource that looks smaller than others, when released on a limited range of holes, will be below market expectations.
Everyone knows this is a large resource, so we do not need it constantly ramped!!
The important issues are what the company comes up with in "indicated" JORC resource, the transport study, the scoping study, then further sources of cash to continue exploration and development.
IMHO one of the reasons for a quick release of the JORC resource before the drilling program is complete, is the current rate of cash burn. With ~$24m at end of March and expected spend of $8m for June quarter, so probably down to $16m by 30th June, and current quarter expenditure likely to be similar to last quarter, because of ongoing drilling, assays, met studies, transport study, scoping study etc, the soon to be released quarterly could show cash down to around $8-$10m by end of this quarter.
This would mean further dilution before the end of the calendar year, or some other source of funding IMHO.
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