oh apologies you're right, I thought you were talking about Carnaby. Yes they will obviously need to do a cap raise.
How soon is the question though that's the hard part.
I personally know of drill rig contractors taking shares in these exploration companies instead of cash.
Might only do a small raise for institutional only.
Just gotta be careful not to sell out n take profit too soon, as what previously happened with Carnaby the price 4x within days.
Ann: Brumby Ridge Copper Discovery confirmed - 71m @ 2.8% Cu, page-144
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