NF, are you talking about the Exploration Incentive Scheme (EIS)?
They're not listed as a successful applicant on the EIS website for 2017 or 2018 - so I'd be surprised if they are getting anything back! It's generally capped at $150k too so a +$1m figure would be most unlikely.
With 2.4 BILLION shares on issue now, and a likely cash raise again at some stage in the near term, I just cant see this moving any further north than 0.5c for a LONG time! They'd need to put out a JORC compliant reserve of +500,000 oz to get this to move - and that ain't going to happen without a LOT more funds for drilling required.
CLZ Price at posting:
0.6¢ Sentiment: None Disclosure: Not Held
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