Just a lot of attempted positive spin.All I saw was a $700k cash...

Just a lot of attempted positive spin.

All I saw was a $700k cash burn with nothing to show for it but a bit of "socialising with the local indigenous people".

Estimated exploration and evaluation for the next quarter....$430k.....how much of that is evaluation because they won't be doing much exploring.

Ok, so it's easy to sit back and criticise, but realistically the company could have deployed funds elsewhere and put the shareholders money to good use.

Of the cash that they will receive from Mintails, I'm guessing they'll drop $5m of it (May 2013) before mounting any sort of serious exploration.

I'd love for company delegate come on here and suggest otherwise but the way I read it we might see some sampling from the alternate site this quarter which takes us to Dec 31. If we're lucky and that's a big IF, we may have a base established at the alluvial operations by the end of the next quarter and that will depend entirely on the relationships they forge with the locals.

And this all costs money AND the staff all need to be paid. Watch the admin costs grow while the exploration costs go nowhere.

I'm glad that some of you can see the positive signs.

When I read the first paragraph and saw two grammar errors, it spoke volumes

Marchello