GNM 4.17% 1.2¢ great northern minerals limited

Ann: Morabisi Q&A - Amended, page-211

  1. 6,750 Posts.
    lightbulb Created with Sketch. 4220
    @Glyco Its nice that you have mates that may understand and like what they see from a few photo's, but it is really irrelevant without anything supporting it....

    As we have $3M in cash, has it been taken into consideration the $500k spend for the trenching and aerial surveys for this Phase 2 required spend?
    With funds going to be a major concern without co-funding/JV/off take agreements (for OHD, as we need to find Lithium here first, then work out a resource) there may be a Credit Raising in the near future, I suspect that it may come around AGM time, hopefully they have dropped some decent announcements to get the share price up before any credit raises.
    With the allocation to Phase 2 as per their announcements only being $100k until they have some indication of trenching results.
    How soon, assuming they can't use the local MS Analytical labs (until ISO certified/accredited etc) would it take to get a sample to a lab/assayed/ and returned? I mean it is usually a 6 week turnaround. As their announcement does state that depending on trenching results as to where they will drill, so I can't understand why they can say that they COULD have a drill started 2 weeks after trenching starts.
    Bear in mind, they did also say in their announcements, results from phase 2 would be end of year / 4 months.

    cheers
    Last edited by fooca: 15/09/17
 
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