""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.""
Their net cash is fairly modest.
Balance at 31-06-2010 $11.04mil less ITC's estimated expenditure for Sept qtr $1.64mil less $2.6mil owed to Smith less C/Notes
Comes to a bit over $6mil net cash which will easily be absorbed by the drilling program, weather permitting.
ITC Price at posting:
4.9¢ Sentiment: None Disclosure: Not Held
