Cheers Rosnov, There is a lot to be said for the approach of...

Cheers Rosnov,

There is a lot to be said for the approach of spending money very frugally ...makes a big difference to how long a company can hold on while waiting for developments to fulfil potential.

The company is currently shown as having a MC under $4Mil, so $3Mil in cash at last quarterly is not far off full cash backing. I appreciate that this doesn't necessarily translate into success at the drill bit -but it must indicate good value at this price -especially considering the prospects.

POI can't keep going down forever.

Cheers,

SJB