Yup, very little dilution at $5mil, and almost all of the $9million going to the drillbit, rather than admin and corporate (or 'general working capital').
At the end of the day, juniors need funds for exploration - I'm not sure whats hard to understand about that.
For a company thats finding gold mineralisation in pretty much every hole it drills, why would we not want to support that? Go GOR, 2011 is going to be an absolute cracker
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budget for 2011 drilling program, page-4
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STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
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