Camel Creek Drilling Campaign, page-14

One thing I've learnt over the journey is that markets are irrational (probably because the people that make them up are).

People have probably found it hard to get excited about a small gold explorer but what they are finding now will ( IMO) change them from a small explorer to a medium developer. They have good strike and further prospects in and near the Camel Creek tenements that will likely lead to a stand alone operation. If they get joy with this current 350m deep program the market will pay attention.

I see no problem with management over the period I have been watching. Do you see something I am missing?
Cash position, all explorers need to tap the market periodically, ideally at higher prices than last time. That might scare some but not those with a eye to where they could land.