HH good post.
A lot of downside has been priced in.
Even if they have Net cash of $10M, they could still generate significant cashflows if the grade can get above 2.5 g/t.
The issue is does the market have confidence in management and the project.
What price would investors especially institutional investors put more cash in.
Could we be looking at a sub 20 cent capital raising?
DYOR
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