Ann: Quarterly Activities and Cashflow Report, page-7

I think you’ll find that is exactly why the work program at Lochinvar has been deferred - RCF. No point drilling it further at this stage, there is enough of a business case already with the information currently available to propose to any potential JV partners or prospective buyers for due diligence - should anyone want it. Selling the asset is the best option though imo.

NAE need to focus on what can increase the SP from basement level (Redmoor) before they do any form of raise, and I’m glad they (management) are seeing that too. It’s the monkey on the back that’s been holding us back.