I think waiting for drill results with a potential raising would be somewhat risky. Even on a highly promising prospect such as this, there is always the possibility that the first round of drilling disappoints, especially since there are only seven holes planned for now with a total length of 1650m and they have to punch through the silica cap to hit the vein at a depth where it is hopefully mineralised.
Having said that, IMO they have helped their luck and done a great job of doing all the slow and boring footwork of concession-wide soil sampling and geophysics before going in to drill.
If they really identify a buried epithermal deposit at Rebeca, this could be big.
Standby for the Cash Raise Trading Halt?, page-6
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