something to muse over, page-24

Thanks a lot, Thorium.

I was a bit surprised that they expect to have enough cash for 18 months' operation - I could see them clear to June 2014 without problem provided that there was no support for GED. But that is good news that they can keep the exploration moving along at such a slow burn rate.

As to the market: sure it's difficult but they have not yet provided the market with something from which it could calculate a value. Exploration targets are fine to conjure interest in good times but are hardly a basis for conventional valuation. They were embarked on producing a JORC estimate for Guchab and the market is still waiting for that. It doesn't have to be the last word on the matter but it would be useful to have the first word on the matter.