Ann: Interim Financial Report, page-8

No, they haven’t.
It’s Millenium that they offload as Cobalt prices are 1/3 what used to be. Those guys built Goldroad (Gruyere discovery) with 5,000km2 tenement holding in the middle of nowhere. It should be much easier for them to build Hammer with only 2,500km2 tenement holding in the proven elephant country. It requires a time and a lot p persistence to get access to the prospective ground like Mt Philp which is the largest breccia in Mt Isa Province. A lot of ground is controlled by big companies so it’s a big plus for Hammer to get land access at all.
Jubilee is a little beauty in their resource portfolio not to mention Kalman that had open cut and underground studies done. It shouldn’t take long to monetise them both.
Their recent Bronzewing project acquisition is a great move. They pulled it out of Helios IPO as it would be much better in Hammer to get an exposure to gold price. Those people who know the history of the tenement 50m south of Bronzewing pit that was in 10 year litigation between Audax and Mark Creasy will be supportive.