buyers are going to have to jump in!!, page-21

Dollarfast,
I don't disagree with you in regard to finding a resource. I've said it before here, mineral explorers live and die by what they find.
All the talk in the past few months about day to day shareprice flunctuations is meaningless to us longterm holders, its all about the prospects of finding a company making resource.
So yeah any explorer is a gamble and if CUU's current exploration plans come up with nothing well of course, like any explorer they'll be on shaking ground.

Budget wise my calculations have them easily enough exploration dollars for 3 years. As NLR put it much of the last qtr was associated with expenses from the merger (and well worth it to think they now have more cash in the bank then their entire mkt cap was worth at times before the merger).
Also not mentioned in the recent budget or by posters here is another $2 million SKenergy agreed to pay within 2 years of the date of the merger.
So effectively that'd be $6.4 million in the bank (add to that possible geothermal grants, possible sale of bauxite tenements etc).
Anyway the more cash they go through each qtr on exploration itself the happier I am as that shows an active exploration program.

However yes Dollar certainly its a gamble, but with the range they now have of tenements and active exploration program its a gamble I am happy to take.

Landslide.