Ann: Butchers Creek Success - Step Out Drilling Unlocks Resource, page-14

Good comments Brucie. Not reassuring unfortunately for that 1 mill target. There was this person back in the 90's who could do this but it required multiple rigs and a lots of money. So not for us.
Agreed, management took a pseudo haircut, hence replaced cash with shares. The haircut you take when you dont want a haircut!
Instead of buying the gold project I would have preferred they had used the " buy straw hats in winter method," keep shares issued low and wind this up like a coiled spring for explosive growth when nickle recovers. Imo the recovery from .017 to 0.02 was due to a slight change in nickle sentiment. So far, all i see is this gold project having sunk the share price from 5 to 1.7 cents. Imo