no more excuses left, page-5

Paulie,

If everything their working on falls through, they will still have copper, gold etc through Fortitude.

It is that side of the business alone that PWC rated as worth 43 cents+ - now a little less with the dilution.

They have no cash, so getting those sites JORCed will require more equity - however they also have no debt.

The company is not about to enter administration, has some assets to fall back on (including 6% of Pensador if they end up holding Falcon without CVI) and has some major short medium and long term prospects if they can pull it all together.

Cheers