what's happening, page-7

Cash burn for the next 12 months I beleive is $14M. Still puts the share price below cash backing in 12 months time.

Add to that (just my view) but the AUD is headed lower.... much lower. For what its worth 70-80c is an easy target in the next 12 months based on China's loss of appetite for the 'Stuff' we dig out of the ground.......... The USD should be toast however I suspect money will need to flow somewhere for safety. Nikkei down 5% as I write!