They better find some more ounces for the share price to get to...

They better find some more ounces for the share price to get to 40 - 50 cents buddy.

Its trading at what its worth i.e 20 cents.

Needs to find more ounces and/or experience a significantly higher gold price for me to change my valuation opinion.

Problem is, the company needs to spend its money on moving the current resource into indicated then measured etc as part of their feasibility work. That takes time, its a very very boring unexciting period for the punters and takes lots of money.

I can't see too many exploration holes being drilled just to excite the punters. Maybe they will chew through their cash doing both infill drilling and exploration and will just go back to the market sooner rather than later.

Just remember one thing though, the grade is pretty crappy. The numbers will be fragile to the gold price.