Agreed, seems to be very cheap compared to its cash backing. I...

Agreed, seems to be very cheap compared to its cash backing. I too am looking forward to the ball mill scats. I am just surprised there aren't more people having a punt at this price besides us people on HC. My theory is that it simply has too much cash for what it is (yes I know that seems silly). ie there is not much of a leveraged upside if they do find something as the market cap is already $40-50m! I think most people think that management will waste it and not be able to find good value enhancing projects. They don't seem to be quick movers here evidanced by the fact they have only just drilling the ball mill scats now. Management of some of these ASX companies really do leave a lot to be desired. Don't get me wrong, 17c is a great entry price. Happy to sit and hold