I was not suggesting abu would get through the full exploration season as well as development on $14mill. I suggested we could have enough to get a start on exploration (surface sampling etc and get a start on some drilling) on the $14mill. Then if they get the ML by July as anticipated, the cash flow from that will get them through the rest (and the bulk) of the exploration season. If the ML runs late and they don't want to risk wasting the season, then they could do a small cr, (say $10mill) which would not be too dilutive, and in any case, adds to our cash balance and therefore adds value to the company. If they add as much value as they did in 2012, then its a cr I would welcome- as long as the ML is late and the cr is needed.
ABU Price at posting:
3.9¢ Sentiment: Buy Disclosure: Held
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