RE:Update look4
I am not sure why you keep saying cash and receivable. This is a development stage company the important number especially during a drilling campaign is the payables and any payable due to a related party not receivables! A development stage company does not produce or sell anything so the only receivables they ever have is typically a tax rebate and they often only come annually.... On the other hand if you are doing a drill campaign you payables are key! I suspect you will find next quarterly will be reported with a cash position of about 1 million after payables. are accounted for! As for the excitement the share volume was not much and traded between .15 and .17 with nearly every trade a sell by anonymous that is not all that positvive. As for the drill results the widths are fantastic but the grades are extremely low! With grades being that low you really need to have a better idea of the true widths of the drill results which are unknown at this time! Also mettalurgy needs to be done when you have really low grades your recovery needs to be fantastic.