They actually have 5 million left inworking capital (putting them in a much better position than most cash starved juniors) which they have been frugally conserving. Most juniors waste their money very fast and have no results to show for it. At times it was realitively easy to raise more money, so easy come easy go.
My initial reaction last fall when I started to accumulate shares was respect for this policy ,obviously they were in preservation mode and waiting for the commodity boom to get more investors looking for the next big investment surge.
Well looks like people are having longer memories of past scams than I would have thought and are reluctant to open their wallets for exploration. (judging by the anemic performance of all mining stocks)
So now I am starting to agree with most of you that they better get out there and do some serious drilling this year,and in the face of strong gold price the money could be best used to go after some Quantifying Gold numbers.
I do believe that they and UNR have fabulous huge multi resource rich properties but with Doubting Tomasism as the new norm, what to do??
Cheers!!