BUR 0.00% 6.6¢ burley minerals ltd

Hey caraman,8 million cash doesn`t sound right. Last count was 5...

  1. 2,871 Posts.
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    Hey caraman,

    8 million cash doesn`t sound right. Last count was 5 mill in cash (unless they have recieved a heap in notes converted since), but as you have read in other posts income is coming in. Once Jet 3 comes online some serious cash will be banked, and market will need to re-rate current s/p. I been holding for almost 12 months and have been through some rough times (Now is the worst). Not much we can do about it, just have to ride it out. Mad selling now IMO. On current flow rates, I estimate BUR can earn 10.3 million U.S from their share of proceeds p/a. Of course, then you have running costs, etc to take into account.
 
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