results?, page-6

Good quality of comments.

The other takeaway from the qtly for me was they are still sitting on plenty of cash to avoid a near term CR (ie to avoid a pre JORC CR). $15.7m cash + $5.7 long term from currently in the money options. About 10 cps cash. Cash burn next qtr $2.2m, inc $1.8 for exploration, which gets quite a lot done in Mongolia (last qtr 1.6m).

So EV post dilution of in the money options is only about $26m. That looks to give long term punters the chance of a good multiple.

Also tightly held. Great for investors, less so for traders. Although the depth suggests it could gap up pretty quickly if the 24/25c region can be passed:

http://cb.iguana2.com/netwealth2/depth/har
(thanks to ASF on another thread for showing that link)

Cheers to holders