It all comes down to the approvals at the end of the year:
"THE HIGHLIGHT HAS BEEN THE PROGRESS TOWARDS FINALISING ALL THE NECESSARY APPROVALS FOR THE TORRENS JOINT VENTURE TO RE-COMMENCE DRILLING"
Otherwise it's much of the same thing we heard back in the 15/11/10 Chairman's Address:
"WE HAVE COMMITED SIGNIFICANT RESOURCES TO RE‐COMMENCING DRILLING ON THE TORRENS IRON‐OXIDE COPPER GOLD (“IOCG”) TARGET. MINISTERIAL APPROVAL HAS BEEN GRANTED UNDER SECTION 23 OF THE SA ABORIGINAL HERITAGE ACT, 1988, AND WE ARE NOW WORKING TO SECURE DOCUMENTATION THAT WILL PROVIDE THE JOINT VENTURE WITH ADDITIONAL COMFORT PRIOR TO DRILLING."
I'll throw money back into this once everything is signed and good to go. Too much risk around approvals.
Rather wait for a guaranteed green light and pay ~3.5c than 2.6c with a risk of history repeating itself (again), after all this has been a 9 year work in progress for a reason.
Don't know about anyone else, but Higginville historical results are nice, but kinda meh.
