We still have 800,000k in the kitty and potential to find somebody else interested in it. 800,000 should be enough to see us through well 2 and pay board etc in options.
I know its against the grain for me to have a positive spin on this project, but its as simple as these two outcomes as far as i can see it:
Well 2 hits commercial size: we either raise decent cash at 5-10c mark and continue campaign or consolidate with cash in hand with all eyes on flowing revenue from Spain.
Well 2 miss: we consolidate around 0.3-0.5c for a while until they raise more cash or go under.
This is a textbook example, we are sitting at ‘ point of maximum financial opportunity ‘ in below chart IMO, so it could go either way... and i would be very surprised if they do not proceed with finishing well 2 as speculated by others.
Theres a reason most of us here didnt sell in October, the projects profits are mouth watering.