new high grade copper results from west melton, page-15

Ecca
If they spend what's left in the bank they wont be looking for anything.
If the shares would have run after the latest round of RC drilling at West Melton then it would most probably have created enough interest for a capital raising . Unfortunately this did not happen and you wonder where the funds will come from to go forward to further explore West Melton and Lake Anthony.
Marmota have some very good tenements but need to spend much more time and money at site to fully explore its potential.
Stablemate Monax have the right idea by creating a Joint Venture with Antofagasta to explore the Punt Hill Project and for Antofagasta to foot the bills albeit losing a big percentage of its mining entitlements. Maybe Marmota will find a partner as well.
So we need some cash , Junction Dam is in a prime position to accomodate but Uraniun still in the doldrums but improvement maybe still a couple of years away. We need something really soon and Marmota and all other Junior Explorers will find it tough going especially the way the Minerals Market is at the moment.