Havilah Resources (HAV) is sitting on $105M cash, <$2M debt, and a pipeline of copper, gold, uranium, cobalt and Iron ore. Looks fab!

Is anyone else tracking HAV? A$220M MarketCap, under A$2m debt, but they’re sitting on A$105m in cash.

SFR(A$7.8B Marketcap) bought into their Kalkaroo project. If things go well, another A$105m lands in 18 months. SFR also gave A$30M just for exploration - no questions asked. This gives HAV enough cash buffer. They're fully funded to spin up their remaining copper, gold, and uranium assets.

Risk/reward seems solid. Am I missing a catch?

Worth watching the CEO presentation: [https://www.youtube.com/watch?v=WcojcBQHx4Q](https://www.youtube.com/watch?v=WcojcBQHx4Q)