$2M cash enough for drilling and pay the directors??? ....
How much you think is drilling costs ...
directors & staff cost at least $1M per annum
peanuts drilling would require more than $2M...
extensive drilling $5M upwards!!
All mining explorers depend on capital raise until the production .. GRE might require CR at every step to become a producer... So important question is at what price level will be next CR !!!
If GRE SP price is 50c now... they can do CR @ 30c ....
But as SP is 14.5c and falling...if SP is down to 10c by the time Board decide to raise funds... placement will be 6c !!!
Wake up dumb dudes and protect your investment....
OSBORNE JOINT VENTURE, page-14
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