The simple point is that without success this is worth nothing....

The simple point is that without success this is worth nothing.

Further, to determine success is going to take a lot more cash than currently on hand as drilling through the basalt that they are unsure as to what tools are required and the right tools will be significantly more expensive from a CAPEX and OPEX perspective so another CR may be required much sooner than expected.

Anyway, would be good to see how ~30M MC is justified as that already has a lot of success baked into it where there is no success so the risk reward is totally skewed at current SP.