That is a large footprint indeed, but isn't that exactly what it is? It is the size of the magnetic anomaly described by the company and so far all holes into that magnetic anomaly are mineralised. Mineralisation is even intercepted outside this anomaly, so isn't it than resonable to assume this entire anomaly is mineralised? The grades are pretty consistend so far and I truely believe the best are yet to come. Going by the results so far, I actually think your gold grades are not that far off, definately achievable in my view, but agree that the copper grade is way to high, will be half that at best.
Cash wise they had 2,283 million at the end of last quarter and with estimated cash outflows for next quarter of 0.710 million leaves them with about 1.5million. They definately need cash in the not so far future, but it is enough to sniff around for a good deal.
I can be totally wrong (wouldn't be the first time), but this is how I look at it.
Only time will tell.
Roel
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