good entry point coming up, page-83

Considering a dabble.

Fully diluted has a market cap of about $16M with $4M in the bank, and $3.6M net cash from exercised options assuming a full conversion.

$8M EV.

Let's have a look at the resource they may have...

* 100m^2 anomaly
* average interval 20m
* groundmass density of 2.7t/m^3

Volume of anomaly is about 0.2m^3. Mass of anomaly about 0.54Mt.

A grade of about 2g/t looks reasonable.

That gives you a resource of about 36,000oz.

Nothing earth shattering, but for an EV of $8M it could go alright. 30cents maybe if the market gets behind it?

Will keep an eye on it over the next day or so.