Rodney's Pillar, which stands proudly at the top of Breidden Hill, had developed cracks and a worrying bulge on the side of the structure.
Last week specialist engineers returned to the Grade II listed monument to see if there has been any deterioration since their first inspection two years ago.
They have not yet published the results of their visit.
Fundraising by the Save Rodney’s Pillar charity had to go online when the pandemic hit in March last year.
Chairman of the group, Bill Lee, says the enthusiasm is there to raise the funds for its restoration, which could cost as much as £200,000.
"The structural engineers who did the original report returned to see how much has changed in the last two years," he said.
"We now await the up-to-date survey and report."
"We had a very positive meeting 12 months ago and we had so many offers of people willing to organiser functions. Then Covid came along and all those face to face events had to be postponed.
We just need to gather pace again so that we can be ready once we return to some kind of normality. We would love to hear from people that would be interested in joining our group to bring their enthusiasm to the work to raise awareness and funds. We are also looking at grants that we could access."
"It is such a special place, people celebrate special occasions there but just as importantly those wanting solace or peace in their lives will go there to recharge their batteries.
Anyone interested in helping can find more information at http://saverodneyspillar.org.uk/.
The 54 foot tall Rodney's Pillar was erected in 1782 to pay tribute to Admiral George Brydges Rodney.