They have $30m and say they are spending $12m in 2013.
No need for CR any time soon.
Everything is riding on the results out this year.
The gold resource that has been found has already been priced in - not at a high price because it's not yet a great project and current market sentiment toward such "marginal" projects is poor.
Great results and this could go many multiples on current price.
Poor results and it will gradually fizzle down.
The cash backing and the prospectivity of the ground they hold make it a pretty good bet at these prices imo but the yet to be released results will tell the story.
good read - the gold report, page-3
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