I'm not sure it's over yet - read the last financials before...

I'm not sure it's over yet - read the last financials before assuming lifestyle pays etc. They've been living off crumbs for a while, with the managers accepting shares in lieu of part of their pay for most of the year - worth going through their last annual report, only released a few weeks ago.

Having said that, this has been a disappointing punt and one which helped me tailor my criteria for small cap mining investments since 2012. The other dud being ORD and to a large extent NWE. Am still hanging in with my bigger plays PEN and AVB, and more recently IBG, MRF and ABX, who all look like bona fide developers.