we'll have to see from the next 1/4'ly how much coin they are...

we'll have to see from the next 1/4'ly how much coin they are saving with the Boart Longyear rig they've purchased.

They should have enough cash to last until atleast winter. Maybe enough to go the full distance to the SMLOC expiry november might be cutting it very fine. But for them to have any chance of getting exercised we'll need to see some recovery in the general gold mining market.

AUD gold price above $1220/oz. We are certainly not in an unprofitable time for gold mining. Can this high price last and be reflected into the australian gold sector is the question?