Thanks.
MUN at $17M market cap needs to be considered exceptionally speculative. As of June 30 it had $6.3M cash no debt. It has no revenue, losses and minimal cash flow. It will need a lot more capital to develop its projects properly. That being said, it has partners, and under their agreements the partners are paying for a lot of expenses. On occasion, because of this, it actually gets into a positive cash flow situation. It focuses on gold/copper projects in eastern Europe, and it does have a project in the USA. Insiders own 2% and have been net buyers in the past six months. Drilling/exploration continues but it is early days, and nothing particular stands out yet. We would estimate, even with drilling success, it is at least 10 years before a mine is even possible here.