Hi straws.
My only concern with a new project is the financing. The company has been diluted by more than 1.5 billion shares. There is only just enough cash for a proper exploration program ar la colbaltera.
If another project is picked up it would mean more dilution at rock bottom prices (may not be an issue with a long escrow),and without more money to explore.
Given la colbaltera is in a proven location wouldn't it be better to explore it a bit, get the share price up then dilute with any new deals at a higher price.
It just feels like la colbatera is being left behind (given ot has been 2 months since announced with no update) - which is a bit worrying.
Having said that the share price/volume action is trending strongly as of late, so perhaps there is good news in the background.
Potential drilling?, page-21
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