what todays announcemnt means?, page-38

For a fully diluted market cap of ~$23 million at 50c per share (over $6 million in cash after option conversion and 5 km from a copper mine about to start producing, there is nothing wrong with these intersections. Grades will become much higher at depth IMO. A 9% average will be more like it. At 10% Cu they could dig it out with pick and shovel and carry it 5 km in backpacks and still make money.

Don't know what those on the sideline are waiting for IMO.