Isn't Nyuni#2 supposed to be drilled this month?But I haven't...

Isn't Nyuni#2 supposed to be drilled this month?

But I haven't seen any press releases of drill preparation. Then again, if they can get a drill for Nyuni#2, then they can obviously have gotten a drill for WSS which might lead the TZ govt to call a breach?

Two scenarios:
KEY continues to fritter away cash while waiting for the Nyuni#2 drill, banking on it's success and *if* successful, raises a small amount at a higher price *yet again* for the UK drill.

Other scenario is to bring in a new elephant project into this 'shell' which will whip up investor interest. Takes some good connections and some dodgy wheelers and spruikers to get that right, so not too confident on that front.

Most likely is the first scenario IMO and KEY limps along sub 6c for another couple of years.

An italy grant would be good if unlikely and given long dated commitments that would come with the final resolution of the legal issues over there, they should be in a good position to get a good deal on a farm out.