They had $4M in cash as at Sept 30. With not much drilling in the next six months, I would say no need for cap raise until end of 2011. Forecast to only burn $600K this current quarter.
Current market cap is $32M fully diluted. That's not cheap considering they are still in the very early exploration stages. That's why I say 15c to 18c would be an appropriate entry point for me. Market cap of between $21M and $25M.
copper lead zinc minerlisatn intrcpted kaskara, page-20
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