By my calcs, probably only $15 million in cash.I think they had...

By my calcs, probably only $15 million in cash.

I think they had around 19.3 from placement added to cash at last quarter, plus with only 3 weeks left of the current quarter they would have burned through around five million doing god knows what (because it is not exploration) which should leave them at around $15? Do I have this wrong?

Cash backing should be arouns 1.3c if I am right, maybe 1c by the time it **MAY** need to be wound up. So this is trading almost double market cap at the moment, which I guess reflects the extreme bullishness of investors on the outcome of the negotiations.