Its not going to go far with current assets in 2025.
Farm in at best could be a mou in short term till it gets renewed. Then something more binding. But if the renewal is the same for 2 more years they have a lot of work to do so they don't miss out a 3rd time. Its going to be a fair few more shares on issue before drill for gas .
assume 3 capital raises next year? Is fair guess.
Then they have commitments on the gold project (with there related party jv).( will they sell it to them plus royalty? )if they seek extensions on the gold project its going to look even more deplorable.
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