They have $180 million in in-ground gold (excluding cost of mining). I reckon they could get some help in mining this and end up with maybe $40-50m in cash for further exploration. Mining input costs of mining are much lower than in 2008. Think what AAR did.
Especially if they could do a deal with the new improved NAVies. Also the POG could go higher so their prospect could become more attractive.
Keep feeding that dream. It could pay off, some day.
I am annoyed they are spruiking their low grade Ni find. This adds no value.
Just speculating, but worth a little thought.
speculative loki
PRE Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held