$5M MC | $4M Cash | Currently Drilling

WC1 - A shell-esque valuation for proven exploration management, solid cash backing and strong skin in the game.

• Currently Drilling
• $5M MC
• $4M Cash
• $0 Staff Costs this Quarterly (Managers have large share holdings; strongly aligned with investors)
• Director owns 5M of the 40M Shares On Issue, yet has bought another $30k on market over the past 45 days

All and all, it's a risky exploration play.

But at $5M MC, great capital structure, decent management with strong skin in the game and close to cash backed, with no staff costs, it's a worthy punt from me.

In with a very small parcel at 14c.

Not financial advice, all imo, DYOR.