They are indeed Cash Flow Positive - with already significantly...

They are indeed Cash Flow Positive - with already significantly higher oil price so far this current Qtr.

So market cap $2.3M at 0.003
Cash $2M
EV $300k - that is no value attributed to upcoming activities.

Which is interesting as for once... they are getting busy on multiple fronts - there ARE actually upcoming activities.

Love these kind of setups, rock bottom prices, no value attributed to anything, no hotcopper chatter, low risk drill coming up...

Reminds me of BAS at 0.001/0.002

Things are going to warm up next few months I reckon - looking for a bag by Xmas

.