It's the outstanding shares !!
Drilling so far a success but nothing earth shattering.
An increase in the claim size, how much bigger can this property grow ?
A great deal on their Atlin claims to Eldorardo Gold.
Bought out the NSR's.
Still have decent cash, but will need more for next season.
Lets face it, they need a JV with a major. Will BHP now step up, step in or will someone else assist with the drilling and exploration.
Personally I really despise consolidation of shares but that may be on the table. OR a complete buyout of the property. If the latter happens then with the stock trading at 0.085 it can be had for a song.
Current market cap is a measly $41 million. How much have they poured into these claims ?