Ann: Copper Sulphides in Fishhook Drilling and Tenements Acquired, page-4

  1. 2,475 Posts.
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    Hi Lucky

    Let's hope for at least 19 on Monday.

    What's your view on their cash position? The last report showed a cash burn of $2.4m compared with $4.5m for the whole of 2014.

    They had $3.2m in the bank at the end of Q1 and have since issued 2m additional shares on 132m total for drilling costs and the 2 exploration licences from Hammer (can't wait to see those shares out of escrow at >$0.50 in the next 18mths )

    At BAU they'll only have enough cash for Q3 operations. Options would be a CR or more cash from
    Antofagasta? Damned expensive digging all the holes.

    Risiko will be pulling his hair out! Any thoughts?
 
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