Last conference call , they state by mining Iron hill , they...

Last conference call , they state by mining Iron hill , they will reduce Brookfield contract liability from 30m to 8m. I have assume reduction from 30 to 10m

I agree cash should Grow by about 10m this quarter and my 20 m growth cash growth assumption for the year assumes IO price averaged about 48 and aud around 73 for the remainder so very very doable.

The good thing is cash is so high already even if cash only grew marginally and they managed to get a bit of an insurance payout, the cash would allow them to purchase of very decent resource project.
I think there will be news that takes it to the high 20s low 30s by the time the year is out at the absolute latest. A purchase a good project at a good price could see 35-40c

As I said before I am here for 25-35% low risk return which I am hoping to get within 6 months