You guys do realise they are only one year into a two year technical program right? Don't expect any actual drilling for at least a year, possibly two if they have to take up the extension.
It looks like the AVO study is due this month, then the Year 2 work program begins. Once that's done they still have to apply to convert into license contracts and I assume they will need enviro approvals etc. before they can drill.
Currently $4m in the bank, may go another quarter or two before a raise? There will be a farm out at some point also, which should assist with the cash position.
I've been watching this since Scott Mac came on board and I know he's pretty keen on the prospects here. I'll continue to watch and potentially start buying during the quiet times (like this
).
