There are very very few "small cap" mining companies with $25m + in the bank if none at all. If so they would have apent many millions to date getting there.
Clearly quality and pedigree of resource deal are key going forward. I would have personally preferred something related to precious metal markets since I believe heat coming off iron ore/ coal and realted commodities.
we shall soon see i guess.
wouldn't argue with near term target of 7 cents. I think there are a lot of people in this stock originally at 2.5 cents who are looking for 10 cents to break even after the 1:4 consolidation previously.
Rgds
CHM Price at posting:
17.4¢ Sentiment: Buy Disclosure: Held
