fox just pulled a rabbit out of the hat, page-8

I also remember something about drilling that was begun back in November. What are the chances of some results.

This mob just signed off on a JV in which the other party were willing to pay 50% above current sp and accept oppies that need the sp to be 30c before they are worth anything to them - in under 5 weeks.

Putting two and two together - I am hoping for a raft of announcements about drill results, re-starting production using their new bacterial method (far more cost effective) and the initial drill to begin in the IO jv.

Will they get it to 30c??? who knows, but as texasoil said, very little downside risk at these prices you would think.