Crom and Bitzer, you both make very valid points. I think the original management accrued a significant amount of very prospective ground and then were somewhat overwhelmed by the sheer size and number of drilling targets hence the lack of focus.
When I spoke to the current management last year they stated their intention was to engage BM to determine the priorities and thus the plan moving forward. Now that the estimates are public I'm interested to see the projects prioritised. The JV possibilities mentioned are certainly the way to go if they can be formalised.
Read Corporate being engaged is a great move.
TNR Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held