too cheap ..., page-5

re: rt Hi RT

Thanks for the reply ... Down to their last 440,000. But I notice that this is UP from the December quarter!!! Had a little income during the quarter & low cashburn rate .... However that could change as they will need some more cash for a serious exploration tilt on this lease.

My take: The initial work will be exploratry & evalualtion, delineating potential drill targets ... shouldnt cost too much ... then with good news of what they intend to do, more interest from the investment community; a small raising ... will even be good for liquidity IMO

In the meantime with the low cap & few shares on offer .. this could & should get to the mid 20's IMO

cheers