It is the intention of the board to pay out the majority of the cash in the most tax efficient way to reward shareholders, most of whom have been long term supporters and deserve to be rewarded for their faith in the company's asset and management.
It still leaves plenty of cash within the organisation, sufficient to allow for exploration of the massive 2800sq km tenaments that remain in the company.
If the company has the same success with the remaining assets as it has with the Cloncurry project, just imagine the value that could be created. Refer to the slides in the presentation to confirm that the CCP assets were only a fraction of the size of tenaments that will remain.
EXS Price at posting:
66.0¢ Sentiment: ST Buy Disclosure: Held
