Ann: Mt Remarkable Drilling Update, page-51

Putting two and two together it could be surmised that the first results are very good...the lab would have done some samples by the time KRC announced the options offer. The fact that the options will raise $40 m if all converted is enough to almost forward pass the pending result being very favorable.
Why else would they have $40 m in the bag for expansion and mining down the track 2 years? If good the oppies may well turn out to be more like 12 to 14 cents...that would make it $50 m hopping in the bag for a humungous result for all.