Project Acquisition speculation

Any ideas on what projects GWR are looking to pick up using a portion of their very large cash reserve?
If they were to get a good quality asset in precious metals for instance then with the money they have left over it would still mean no dilution is required to rapidly develop the project.

GWR Group has almost $40m cash plus shares in companies that take it to somewhere above $50m.
Factor in the Iron ore royalty and potential value of our Magnesium project, then unless you do not trust management the Mcap at $35m must be a steal.

If we are left with $30m+ cash after buying a good quality project you often find that companies with this sort of cash backing will have Mcap well in excess of $100m.

So, it would be nice for the company to give an update on what is happening in the background or at least do some PR because there is no doubt that if played correctly the Mcap could easily be in the multiples.
Even if the management were only in it for themselves then that strategy would still fit their agenda!

The commodity market is red hot and now is the time to act.