Cash backing of $34m vs current market cap of $23m, pretty good starting point in terms of valuation support.
Testing four pegmatites at Step Aside only 8km north of Arcadia. Arcadia was carried on the books at an exploration spend of ~$30m when it was bought, so suggests they've got enough in the bank for now to have a meaningful crack at repeating the whole process.
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Cash backing of $34m vs current market cap of $23m, pretty good...
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