RE: AUGood post, Hardcase.
This company is a bit unusual in the sector in that it's management is quite conservative. They take their time, pick their spots, and generally have been investing in low risk plays. ECHO was an exception, and management is still cooling their burnt fingers on that one. I think they learned their lesson, and since that they have been making some shrewd, well thought out, and very economically sound investments. This property has risk, but it would seem there are minerals there, and they are willing to take the slow, steady route to finding out what they have.
Patience is the key word - they will get there, but I agree with their low-dilution, spend your cash flow policy - in the long run it's better for us all.