Kelly, the same can be said of so many of the small resource companies on the ASX. Nobody can say with any certainly when or if they will make money.
What you can do is make your own evaluation of their asset base, especially as it grows value what a big mining company might pay for it. You mentional capital raisings, many of these firms will avoid that by either being taken over by a big player or entering into a joint venture with a bigger company - like GSE have with the jv with IGO and BHP.
GGY do have some great tennement areas that themselves have good value - and remember also the worth of their shareholding in Mega Uranium.
L
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