Ann: Resignation of AIM Broker , page-4

They emphasise its value in the "Voluntary Suspension" announcement.

"The farm-out value implied for Tangier's 25% working interest was US$40.5m, roughly equivalent to the Company's current market capitalisation.."

They further add

"...the Board is confident of being able to raise the necessary funds..."

Basically they're going to give themselves cheap shares using the pretence of a extremely steep and unbelievable US$75M drill cost.

Imagine the affect on the SP if they had tried to buy them off the market, especially with only 100m in free float, excluding major shareholders.