I agree that they are putting the cart before the horse.
1 project development ready & another 1 project 100% owned by PEX and with a JORC estimate coming in June (apparently).....focus on these & get cash rolling in the door, then explore to your hearts content.
I hope this isn't going to be an outfit where $$$$ are just squandered willy-nilly, and then the hand gets extended again for more cash from shareholders via additional CR's....which blows out the SOI in the process.
Ann: Quarterly Activities Report, page-6
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