We are getting close to cash with XRA, and it's a large amount - $40+MM. Of course, no one cares.... yet.
there are many junior resource companies trading below their cash position so this is not a surprise.
The bigger question is, the apparent de-listing of stock and how long $40 million treasury will last?
The key point is that they won't have to do an equity raise in the current depressed environment. I have learned the hard way that this is the real problem with junior minors over a cycle.
Good point but this is a team of veterans. They have 4 to 8 years of cash, with 4 years being an aggressive spend meaning both projects are progressing positively.