RE: RE: Cash That certainly is a great cash position which would be the envy of almost any junior on the planet. I find the depressing part of the news release being the idea that after a well financed exploration season (2011) that probably saw all of their best targets tested by at least soil sampling and prospecting, that the company could only scrape together enough courage to drill 7500m in 2012; that IMO is probably why the properties are valued at 5-6c according to your calculation. Given that last years soils didn't inspire the market and the bulk of this years expenditures appear to revolve around yet more soil sampling, where does one expect the "pop" to come from?
It isn't the cash position that matters, it is what you do with the cash that matters.