thanks heaps, fingermark.extremely informative post!100% agree...

thanks heaps, fingermark.
extremely informative post!

100% agree on the huge benefit of being cashed up in the current financial environment. BRM's raising late last year had the s/holders cursing m/ment after seeing the SP tumble....now s/holders are praising m/ment for their foresight and excellent timing.

You may have read an article recently quoting a RIO boss having a swipe at junior I/O explorers & intimating that many of them won't survive the long haul, especially with small deposits, no infrastructure. UMC is sitting very pretty at the moment. 5 months of drilling - bring it on!

Any idea roughly how many $$ will be left over after the drilling?

cheers
Marny