Can you explain to me why do you think that way?
From the presentation slide 21, drilling should start on Q3 ?
From the last cashflow report they should have about 3.5m now, and administrative/staff costs are only about 200k for the last quarter... so why would they need a raise to pay salaries, assuming they are doing no exploration?
I think this is undervalued and that is why the instos are buying it.
Ann: Mines & Money Investor Presentation and Website, page-8
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| Open | High | Low | Value | Volume |
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| 0.9¢ | 185000 | 1 |
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