From the limited drilling they did, the gold results were low grade and pretty deep but thought they might have been able to do an exploration JV with someone instead of just letting them go altogether.
It's going to be a long wait if they are just going to sit around and wait for Mt Forrest to become economical. The recent raise was from the directors and looks to be for wages and admin mostly - they really need to be looking to branch out into a non mining project.
Ann: Quarterly Activities Report, page-4
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