more cash on hand, page-2

Good to hear from you Pixby.
I was sitting here like Homer Simpson wondering "is this a good thing or a bad thing" Cash is good but an explorer needs to explore and the Cooper is still prospective. As you point out this is a bit of a stalled project so why not move on with a bundle of cash. There are still some juicy projects on the go.
As for Uley I know you have deliberately used the conservative figures but we could use 14000 ton @ $1500/2 (see last quarter report on the values of graphite) to give a $10.5 mill profit and using your formula PE=5 then $52 mil market cap or about 16 cents ps. It's a bit up in the air but whichever way it falls it all looks good.
Drilling at Falcon Bridge is only slow due to the need to get a heritage survey and that too is a nice project and drilling should commence soon.
It is good to see the new board addressing each project and forming up a definite plan.
Cultana could be a real winner and I am definitely looking forward to the drilling there. It could commence later this year.
All this said
I think it must be a "good thing"
Cheers to all
fc