Its still almost double the current share price, and given the...

Its still almost double the current share price, and given the overall market environment, its all about cash while companies weather the storm (trying to remain optimistic)

at the end of June, they will have aproximately $1.7million in the kitty, and with cash burn of admin expenses roughly $225k a quarter, they have 18 months or so of cash left. Lay low for a while, and find a buyer/JV partner for the project.

$1.7mill cash + 572.5mt mag project for a $6million market cap.