what went wrong ?, page-133

I think the fact that Jiangsu, our JV partner, are not only still spending their $21M for 30% earn in, but now moving it to contract drilling is a testament to SOC and a show of China's stance on gold

Whether gold is $1100 or $2000 is no concern to parties like them with long term views

So we are still doing $21M of exploration outside of Mt Adrah next year alone

Then consider if they can sell off $5-10M of PMR if they strike sedex

Money isn't a concern and neither is the gold price, our only issue is uneducated retail holders and low liquidity - the drill is still coming up with the goods