Good question. The short answer is that I'm not a geologist, and...

Good question. The short answer is that I'm not a geologist, and so I don't know. However, HAW does have a VERY experienced geologist on board with an excellent track record as one of its directors, so if/when they do decide to drill some more, chances are that they'll spend their money wisely.

Keep in mind that they need to keep at least $2m aside for the haul road that they need to build when (not if) Anglo Saxon gets the green light. That leaves around $3m 'spare'.

My "guess" (you can interpret those quotation marks any way you like) is that once the situation with Anglo Saxon and Saracen clarifies and the company starts seeing some cash coming through the door, then that $3m "might" just be returned to shareholders.