Yeah I get that JR. My point is that our $5m cash is our safety net so if the small-mines cover costs, then that will be great. It means our $5m can be deployed as CAPEX and not used to run the office. Keep in mind that we'll need additional headcount and resources to run the NSW projects. It's all new costs (probably) so my guess is that it won't be as simple as paying the $500k and sitting back waiting for the gold nuggets to be delivered at our door.
I think most people would agree that getting one project into development before taking on additional exploration would be the best outcome. So that begs the question of what's happening that we don't know about. The sale of TC? I sure hope so.
ERM Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
