i would prefer they conserve cash. They have stated no silica drilling until an offtake can be ageed too. I'm happy with this The company knows what is there. Potential offtake partners know what is there. The key to the silica is the offtake agreement. Once if this is achieved likely through a hoa, drilling will then commence to confirm deposit.
base metals deposits will be drilled in 2011 once decent cash from slag waste business comes in.
The company is being coinservative with cash to minimize dilution. I'm very happy with that strategy as a long term holder.
the mining side , page-2
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47.5¢ |
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Mkt cap ! $200.4M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3125 | 50.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 46.0¢ | 9500 | 1 |
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