Drilling is costly yes but it doesn't cost $4m and certainly won't be gone in a couple of months prior to assays.
If there results from this drill campaign are positive and warrant a bigger drill campaign to follow up then more funds may be needed but it would be at a far higher valuation (market cap) than the current $44m so it's a win-win position with the share price being significantly higher than it currently is.
A potential scenario is Delta show interest (beyond their Executive Chairman commenting on my social media post) and follow similarly to another nearology situation; Global Lithium ($400mMC) and Kairos Minerals ($65mMC) to form a JV and invest directly into RR1.
Let's see how the drilling campaign goes first and they use the $5m cash at hand before getting too far ahead with more CRs and such.
RR1 Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held
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