Cardinal Resources Inc fka CDNL

[nonewname1]

About the 5 million in cash sitting in the coffers. I'm curious as to whether the terms of the camwater deal still include the 4.3 million cdnl receives as a down payment upon getting financing,

Terms provide for a $4.3 million down payment to Cardinal upon financing

http://www.cardinalres.com/media-center/press-releases/detail/76/cardinal-resources-28-8-million-cameroon-red-bird

Even though much of it would be used to get the project going that's still a nice thing to see on the balance sheet.


I started to look at some different valuations, just for fun to see what we would be looking at if we get certain contracts. Have you ever thought about what sector we would be in? To compare ratios? I've seen a lot of water/filter/pipes/treatment companies have PE's of 15 to 20.