1-The company spent less than 1 million$ to get a gold mine...I...

1-The company spent less than 1 million$ to get a gold mine...I thought for this amount of money u can buy an average house in sydney, not a gold mine!

2-Uranium: It looks like no one is interested at the moment in this commodity.

So, they have 17 million$ in cashe. So what? they did not earn this money or had a profotable business...they just got this money from regular hard working people (like u and me)....apart from raising money from shareholders, they have had zero progress in the last 2 years.

I think with most of the australian mining spec companies, the only mining activities is that of "directors mining the pocket of the small shareholders"...and this is a very profotable business!