0.04 to 0.045......ouch...hard to believe under caIt's hard to believe the deals out there. This is a new company with about 0.11 cents per share cash in the bank. Yes they are spending some of it on drilling,,,,,but that's what there supposed to do with it. All these small exploration companies are just that "EXPLORATION COMPANIES"...until they hit something good. They had great grab results and are currently drilling on those results. The over sold situation is temporary...albeit this could go on for some time. The market has shown time and time again that it recovers with time. The question is how long are you willing to hold a position and wait for that market recovery....and by the time the market has recovered and investor confidence has returned how many of these small juniors will still have $$$ in the bank and still be around. These are very important question that investors must ask themselves before spending a penny in the market....even in the best of times.
Please do your due diligence....and spend wisely.
Cheers....I am currently waiting and long this one.