As new flow comes out about projects we will see. Many of us have been here some time and took all the scraps sub 4c me included. We knew downside at cash was limited at 3c so we took what we could. Now we just basically doubled our cash and our 26m in term deposits is still earning 500k+ a qtr. So all the G and A is being billed to BHP for the alliance ground now.
Going to be min spend on Rana unless nickle burns bright and if we get approvals for Pennikat we will spend a bit but nothing outrageous.
So where is the company at cash backed now or how does the market value us? What are the projects worth? What is cash plus the alliance deal worth? Are any of the projects priced in yet?
We wont need to raise for another 4- 5 years essentially at this rate unless we pick up another asset.
Tell me a asx listed junior that has this much rope and freedom that is also in bed with a major?
KRM/BHP DEAL OF THE YEAR, page-12
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