Following the Kagara deal, they will have cash of about $3m and Kagara shares of about $6m, so that reduces the implied capitalisation of the Herberton Tin field to about $18m.
They have a strategic alliance with Kagara to start the assessment drilling and they will have cash coming in from the Baal Gammon royalties.
The tin field, historically, has produced (today's prices) about $2.3bn worth of tin.
Worth a bit of a punt.
