re: Ann: CLY: Clancy to acquire North Arunta ... Seems...

re: Ann: CLY: Clancy to acquire North Arunta ... Seems reasonable to me. Important to remember that NT Government has a 'use it or lose it' approach to tenements and ABM has plenty and limited ability to invest the necessary funds at this stage. Kroda certainly has potential but my understanding is that given the terrain in and of itself, is not viable. more work is required in the vacinity to make a successful project out of it. This enables ABM to focus its funds on developing the projects that are likely to deliver revenue in the near term while meeting NTG requirements on exploration spend and still maintain a significant interest in encouraging prospects