RE:RE:Some questions for my due dilligence Thanks for the answers.
I will be taking a deeper look at this once I'm back from an investors trip to Columbia. I had determined that the mining lease is in $US so its about $2.75 MM $CDN. Burn is about $5 MM a year which goes up with the commencment of drilling. So 4 months cash at best. They will get some money from the excercise of alll those cheap stock options in the coming 20 days or so .They may also get some money in the coffers form excercise of approx 2.5 MM warrants which are price at an average $2.96 and $1.5 MM cheap stock options with a weighted price of $1.93. The downside is that in a thin stock the sales will hurt the share price.
I'm going to pass for 6 weeks until we see some drilling results and all the stock options and warrant sales clear. At that point it might be worth taking a look if the drilling results show promise.