CEL 0.00% 5.5¢ challenger gold limited

Ann: Equity Capital Raising Presentation, page-12

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    The way I look at it is Kris said they are spending $1.5m every month with 5 rigs in the video yesterday and if they go to 8-10 rigs it goes to $2.5m a month. So if he raises $15-20m he is back cum a placement by the end of the year which is not a good time of the year to be trying to raise money. Now we dont have to worry about that.
 
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