"$20mil is a lot of cash" I've got good news for you, cash...

"$20mil is a lot of cash"

I've got good news for you, cash position at the end of last quarter was $24.8m.

a drill won't hurt the bank much at all here.

From the information provided in the announcement, I don't think this is anywhere near drill ready.

Nonetheless, I stand by the general point, in order to find an economic deposit you need to spend money. And lots of it.

Unfortunately Chris it does not seem like the market agrees with you.

Non-sequitur. The only comment I made was on the prospectivity of the tenement for gold. Nothing in the announcement, apart from some vague AGS statements, suggests there is a hint, or a whiff or whatever you want to call it, of gold here.