I might add here (for some reason i couldn't add additional information earlier) that an exploration target has some bankabilty that could assist not only the current sp but also in raising some capital or attracting a JV partner ... i'm not sure the current program of works is enough, although having read through the last ann again, there does appear some good prospects at Yandal.
Anyway, we're at $0.004 ...
JORC_code_2012.pdf
An Exploration Target is a statement or estimate of the exploration potential of a mineral depositin a defined geological setting where the statement or estimate, quoted as a range of tonnesand a range of grade (or quality), relates to mineralisation for which there has been insufficientexploration to estimate a Mineral Resource.
We're about 12 months at least from an exploration target imo ... and without the funds to make it that far
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- Ann: High-Grade Gold Continues at Yandal West Gold Project
Ann: High-Grade Gold Continues at Yandal West Gold Project, page-27
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