Bbarns What I especially like is the JV they have on triumph is...

Bbarns

What I especially like is the JV they have on triumph is little commitment and risk

i.e we are not committed to spend the whole budget on exploration

If you take the current cash backing, they could do 4,000m of RC drilling on Triumph, and another 4,000m of RC drilling on the 2nd acquisition and still be below cash backing

That is 2 risk free looks at potential company making projects, all the while with the safety of a cash backing some 50-25% higher depending on how hard they go

I would actually love to see them return 5c per share as a special dividend and retrain around $4M for drilling and corporate. That would get the SP kicked into gear nicely

Either way, I'm holding for those double digits - seems very achievable, especially with cash at 10c+ and gold through $1300