Yeah a bit bleak here lately with the SP, however it seems to...

Yeah a bit bleak here lately with the SP, however it seems to have found a new intrinsic level. Could be a lot worse and be cut in half again....

Cash on hand was a risk I noted when re-assessing this stock. I would guess there will be a CR coming very shortly. The cash in bank was just shy of $900,000 with the rest in calls I think. Stated 2 and a bit quarters left to go. Perhaps that is why the SP is falling as people are looking at the same thing Prawnman. Knowing there will be a raise in the near term future at a discount and the stock will fall to that level with a better buy in price. There could be a real fly in the ointment however to that plan. That getting good results in between that lifts the share price. Hopefully some decent results like you say materialise before hand.

Personally think this is under the radar at the moment. No fancy hyped up NdPr or dysproium or that type of stuff.....No. What the new project has which if true is an understated economic value. If this is as stated a significant resource with an assured dollar return then this a bonus for anyone here. While everyone else is looking for the latest and greatest next momentum stock, we can be here slowly building on something that can give real long term gains. That's all speculation however and at no point a reality at this point. However there's a decent chance that it can be in the near future.

Just have to get through the short term pains to see if this will become worthwhile. Not so far away really. perhaps management, if they find something decent early on, will bring forward sections of the drill program as they come into their hands.