End of March Q they had $19.9m cash. They forecast spending $2.4m, including $850,000 on admin and staff.
So that means $17.5m left vs market cap of $36m. Just under half cash backing.
But you can't rest on cash. Wonder what exploration results we get for the $2.4m spend this Q. perhaps not enough to be a reason to buy in?
We could be hero's, page-5
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