Ongoing drilling success can only increase the market's...

Ongoing drilling success can only increase the market's confidence in the project however worth remembering they are abandoning the JORC code and adopting a dig and deliver approach.

I can tell you as fact that many fund managers have a mandate that prevents them from investing in companies that don't tick certain criteria and unfortunately, JORC is one of them. It works in a similar way to banks requiring a BFS/DFS before agreeing to lend to a mining project. It all boils down to risk management for the entity. From what ive heard, some outstanding projects have been overlooked at times due to what the average person would consider to be fairly petty points.

I think the main opportunity for MRF in terms of investors will come from offfake partners and private investors. But you never know, there's more and more boutique funds out there thesedays, moving away from convention to try and generate alpha.