They have Bundarra doing the mining for them, and need do nothing except sit back and receive their 50% share of the profits.
And they have $2.7m (by my calcs.), before they need to access their at-call finance/share issues.
So, I would expect some news shortly of new drill targets and schedules.
And I agree. Irrespective of the fundamentals (which in the end will assert themselves), drilling news provides a catalyst and gets the stock on people's radar.
Should be a good % return from here in 2009/10, IMO.
Y
TMX Price at posting:
4.7¢ Sentiment: LT Buy Disclosure: Held
