I know the drill program is king, but with this much free cash I kind of wished they had beaten VPE to taking out the minority interests from a number of cash strapped juniors in the adjoining leases along the fairway. VPE picked these up for virtually nothing.
In the meantime, IMO the lack of admin cash burn sets a benchmark for the rest of the market and I remain happy to wait out production commencement and accumulate on the dips.
