Its undervalued for sure based on resource and what they have. Its just frustrating the assays take so long!
Not sure on a capital raise soon, look at the 5B, there was a substantial amount of money used on the refurb. If you take that one off into account they should have plenty cash to carry on drilling for at least another quarter given the now reduced drilling costs. Saying that in the past they have raised pretty regularly!
EM2 Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held
