What is really starting to get interesting for me is this:
Every day I see a new story about a small cap with large resources (usually in Africa) that is struggling to get funding in the current market to develop their resource and the share price has really tumbled as a result. It will probably only get worse as credit conditions deteriorate.
Our $50m cash balance is really starting to look like a war chest!
I think we are going to be in a pretty good position at the end of Q1 to snap up some real bargains when we are done with Vertigo and Mt Colin.
EXS Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held