Great analysis Steven, I agree with you 100% on everything you've said there. When we 'purchased' Nelly / Aus V, Vanadium was all the rage but all that buzz has since dissipated - we've got some very good plays locally and the company should focus on those.
I agree that if they were to go for one of those V plays, Nelly would be the one as it's a lot more advanced than Aus V and from memory we'd get generous concessions from the Argentinian government to enable us to get the show on the road in pretty quick time there.
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