Every man and his dog already knows that WR1 will be taking up the Renard option so I don't think we'll get a lift in our SP for that. The other thing is that of the $22M or whatever that is currently in the bank a certain amount of it would have to be spent on exploration, since it came from Flow Through funding. Let's say it's $6M, then take out $3M for PWM shares and $1M for Renard + start of C & M costs and a few bits and pieces, and that might leave just $10M in the regular kitty, which doesn't exactly look good, nor would last for many months. Anyway, for any of us on the OAP it's not bad timing because Centrelink does their bi-annual re-value of share assets next month. A rise in the SP just prior to that wouldn't be ideal, unless it took us over $1.20 let's say. After the 21st March no probs.
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