IMO the timing of funding depends on progress with the exploration plan and i imagine the geo team is working under the pump (hence the new geo position).
I think the next CR will be modest, perhaps $5m.
After all the exploration going forward in Q4 will not be very expensive, mostly RC rather than DD or RC with DD tails. If the inexpensive IP survey method is followed by successful drilling as it has elsewhere, Rox will do a lot more of it.
my opinion
RXL to re rate this year. Target 75 cps, page-77
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