Lcu,
The drilling rig has been secured according to the last quarterly. It should start drilling as soon as it finishes its previous commitments. Its not unlike oil drilling where delays are the norm due to various circumstances (service of the drill, discovery and extra drilling etc).
With market cap of about AUD5m this is a no brainer for me. Discovery and the stock could be 10x bigger and still be very cheap. IMHO
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