Having thought about it overnight,I see a market cap of 10...

Having thought about it overnight,I see a market cap of 10 million,implied share price +3 cents before christmas .Further upside from any high grade hits they may get from their current drilling program,JV's and/or asset sales. At the end of the day it will be interesting to see how the market values the stock. As a point of comparison,look at MRD.Apart from the current drilling program at Mount Ridley has no other assets.Management and consultant costs 2 mill.pa.Options on existing stock reads like a telephone book.Win,lose or draw the company will require a dilutive CR within 6 months. Market valuation in recent months,up to 20 million. I do hope MRD does get a decent strike from its current drilling program;that being the case watch the share price of TMX take off.It is interesting to note the recently identified eye structure and the magnetics from Target 2 are on the western edge of their tenement adjacent to GIMLET.I would expect interest from a major re. JV sometime soon. With regard to the likelihood of a capitol raise any time soon,I don't see it happening.The current work program is more than adequately funded from existing cash reserves.The longer term holders,including two of the directors have acquired stock at 5-20 cents and held it for 5+ years with no stock movements in between.Such an action would dilute their longer term interests in the company. Good luck to all in what should be an exciting time ahead.