Precisely my point. The cash burn in this company is like nothing else. Everyone can see it plane as day if they look. I even summarised it all a few months back in a new thread.
Deep diamond drilling is expensive and they couldn't find it when it was shallow. It was always a recipe for failure. The money should have been spent developing the 3 resources after they hit that good intercept that sent us to 30 odd cents. If they continue on the path they are, they will have a billion shares on issue and be down near the 3-4 range.
It would take a strong change in course for me to consider re entering on this one
Ann: Drilling Update for Mt Alexander, page-190
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