I virtually never purchase junior miners on drill results anymore, but I picked up some as well, for the following reasons:

- cashed up (I'd guess ~$10 million in the treasury)

- permits are in place

- there is an existing 360 tpd mine, that in and of itself is probably worth at least $14 million, and provides near-term cash flow

- the drill intercepts (including the past ones) have been stellar

- with 51 million shares os, this is valued at $51 million, that is very, very cheap, imho