What next?, page-2

I speak to the MD regularly and have a fair few shares tucked away on this one.

The AUZ drill campaign and whatever is consequently found there will impact the sp the most in the next month. 20% free carry is a good position to be in all considering.

Milrose will go through this month and then there cash balance will be around $1.6m.

At Charteris Creek they have been analysing targets and whether to go it alone or to find a JV partner again. Won't be hard imo.

The next big step once Milrose sale has gone through is an acquisition. Nothing said officially as yet but they are looking and not restricted to gold either.

Im some ways an attractive shell play which has royalty rights, a massive lease in the Pilbera and a possible 20% of a decent gold deposit. Lots to be explored on the Marymia lease yet also.

I would be keeping an eye out for an acquisition thought towards the middle of the year. They are keen to get into something themselves and bring some value back into the sp.