RE: Xtract Hole 1, Bushrangers, Lachlan Fold, NSW, Australia31 Dec 2020 17:59
The Fairbride resource has been proven and is at the "awaiting commencement of mining just as soon as the plant is assembled" stage... and that has not added significant value. It should have one would have thought.. but it hasn't. So whilst the drilling at Bushranger will quite likely burn our cash I honestly don't see any significant value being added any time soon. I'm really not sure what has to happen so that all the potential stored up in our projects finally delivers shareholder value apart from a long held view that it will only be revenue hitting the XTR bank account that will see that happening. Lets see what 2021 brings...