I don't beleive the cash to be a real company maker.
Obviously the company needs alot more cash than that. They probably short term need at least another $30m possibly $40m based on their idea of buy back to intice the russians.
Don't get me wrong we definately need the cash in the bank & are way better off having it. But it doesn't make the company bullet proof & the money is not spare cash its mining money. Money to be spend on the way to producing our asset which is still 4 years away.
It will keep us going for a while though & if the market can recover enough for the russians to change their mind that would be great but not for at least 6 months. IMO
how much of it do we need to spend on the coal job?
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