Having read this announcement in full now, I get the feeling that they are starting to realise they may have no idea how big this deposit is going to be.
200m step out west now has grade, the deeper southwest zone looks to have significant size and now they are looking at the possibility of even deeper significant mineralisation.
The $40m raise makes sense now as they have far more drilling to do then I think they thought.
Great part about Luni is the high grade shallow deposit that will self fund the rest.
Ann: West Arunta Project - Luni Assay Results, page-37
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