Melos, the expenditure outflow will be minimal unless the dry...

Melos, the expenditure outflow will be minimal unless the dry continues. With regard some of the access to drilling in the winter, its unlikely because the forestry close off tracks in the higher country. It snows in a lot of the tenure. So we might see a shift to resources such as small gold operations for cashflow they can get at as indicated in one of their releases. In the meantime management can do further planning activities for firing up the physical and wait for the moly to climb higher. It is valid work to put everything in place. This is definitely an accumulation phase for those with a longer view and certainly worth holding for much bigger things.

Many stocks dip from May towards the end of the financial year. If you have good stocks in mind it is an ideal time to pickup as many turn stocks over to register losses for tax purposes if they have not kicked , then sometimes buy them back at lower prices if the potential remains.