Certainly bullish on CRJ and i think there's a 95% chance it will be trading closer to a $30M mc in 2H (prior to drilling).
The BHP sale is slated for June but i get the impression it is not concrete as yet, so the real question is whether they can go the distance till June, or perhaps July, August or later, without raising capital. I agree with Strauss that they will raise sooner, rather than later.
At what price? ~1.5c would be my guess, as the real newsflow won't arrive until later in the year.
Anything below 2c will be rewarded imho.
CRJ Price at posting:
1.7¢ Sentiment: None Disclosure: Not Held