Shouldn't need to do any cap raises for a while yet.
$10mill in the bank. Open pit resource at Tick hill that can be mined in the near term for over $15mill.
Plus they have other tenements overseas and in Aus that can be sold if they strike anything substantial to focus on at Strelley and/or Tick Hill.
Even if they did need to do a Cap raise or 2 along the way, we are only at 114 million SOI at the moment in comparison to DEgrey well over 1billion.......that's a lot of cap raises.
If we hit anything decent in the next 6 months, any future cap raising will be done at over $2 per share so dilution would be minimal.
Great position to be in for a junior explorer right now.
CNB Summary and Why Its So Undervalued, page-2385
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