I agree the $5m is our safety net but we have had $5m in the bank for a couple of years now - I thik we can afford to take the small risk.
"I think most people would agree that getting one project into development before taking on additional exploration would be the best outcome." Perhaps this just points to how confident they are about the TC projects, or that the small mines are going to be more lucrative than you anticipate - who knows but I just can't see this as anything but good news - even if you are correct and we end up selling TC - it should still get us a big cash windfall
ERM Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
