Check out SRK - Has $73mil in the Bank with a MC of $74mil. They have a world class IO project in Peru which Xstrata offerred US$650mil earlier this year but we rejected. This would of amounted approx US$450mil for their stake in the project. They have Berau Coal Project and East Paulsens IO Project ready to be mined which will provide another $100mil free cashflow.
I can't see a better placed and valued junior on the ASX at the moment.
