Not at all, still not enough to drill one well let alone a secondary well. Add additional payment for the anshof prospect area not to mention pipeline construction if successful.
CR doesn't cover this so loan facility needed if successful on a restrained flow capacity....... this company will hold the whole project going forward.
Simple math's ........a case of Bitting off more than they can chew as well as over paying. A larger company like MND can absorb this scenario but a reconstructed micro cap (XST) that over promises and under delivers can not at this stage.
Just stating a common sense approach rather than this is a bargain approach when it's not at least 13 Million AUD is needed for XST to follow through.
If there is a hiccup with the first drill which dose happen they are liable for $3 million.
Enough said
XST Price at posting:
1.2¢ Sentiment: None Disclosure: Not Held
