Just had a quick look at the latest reports. Stock on issue...

Just had a quick look at the latest reports. Stock on issue 60mill (+ 20 mill odd options ex 20c, out of the money), current cash 2993000 - 900000 they are spending this quarter = 2mill. Current MCAP 60mill x 0.07 = 4.2mill, cash 2mill. Current EV 2.2mill.

Just had some thoughts last night, if its taken this long and still no MTT would that suggest it was uneconomical and wouldn't go ahead? With that gold worth nothing as it wont come out we have nothing else but cash to be valued on as there are no holes drilled only planned. We can sink further.
Question for somebody, this quarter spending 500k on exploration and 400k admin, is the 400k admin wages for the year or something else?

Id love to get out but just no liquidity, oh well, this money gets written off. Bottom draw this goes. Lesson learnt.

This isn't a downramp, I have no money to buy anymore even at 1c. I guess the positive outlook could be some good drill holes in the next few months and if the MTT came through which gave us some cashflow and more value added.

Dear Management (if you read this).

Happy to be proven wrong, news please.

Regards
Your happy investor