Ann: Company Presentation, page-50

To me this looks as well as if the company is trying to re-position itself. Applying a sense of "Think BIG" must not be bad.

• They have drilled to 102,5m with a resource of "just" 245k
• Showing an exploration target to at least double if not triple the resource may be key to attract big players
• An updated JORC @ Ricon is planned for Q3/2021
• This requires drilling (to at least 300m)!
• In parallel Tonopath Exploration planned in Q2/2021 to progress US operations
• $2.9m in the kitty may be insufficient for running operations + JORC update + Tonpath exploration

=> Capital raise around the corner (imho)
=> ~US $30m would cover running operations + Stage 2 + JORC update + Tonopath exploration