So true. It's not easy and plenty of luck picking a winner in the explorers. I do also like "co-investing" where possible with people who know what they are doing. Aeris management, which didn't originally buy the interest from Argonaut in the project, and only came along in the Straits Resources restructure (to become Aeris), have had decent brownfield exploration success at Kurrajong NSW using deep geophysical techniques. They are a fresh set of eyes for Torrens, and appear super keen to go forward with their 70% interest in Torrens which amounts to about $10 million and for a small copper miner is a big expenditure in addition to exploration and general capex at their mine in NSW.
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