Thanks for that link Agent86.
Not so sure that comment from Far East Capital needing to raise money applies just yet after viewing that webinar.
Their drilling costs in that interview are stated at $100-110 per metre so even with doubling of the drilling from 5k to 10k the cost is only $1m and their corporate overheads, director fees are some of the lowest I've ever heard of.
These guys certainly have the skin in the games and limiting the cash burn to metres in the ground where it benefits themselves and all shareholders the most.
I think they'll raise at some point but most likely after further assays come in and quite possibly after another jorc increase which one would think would be substantially higher prices
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Ann: High-Grade Gold JORC Inferred Resource 830,000oz @ 11.6 g/t, page-315
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