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HairyPlum

2,524 Posts.

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24/04/24

09:42

Post #: 73490347
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Originally posted by TopGun1: ↑

You know RCR needs to raise money very soon?

The quarterly showed $2m, this does not include any of the diamond drilling, RC drilling, survery's and lab costs etc

The diamond drilling alone will cost $600k-$700k. RC drilling might be ~$300k (some can correct me if i am wrong), surveys/fieldwork and lab costs ~$150k. Therefore you have costs of at least $1m in April/May. Plus add the staff costs and anything else and the company will have less than $1m before this quarter ends.

I wonder when will they pull the trigger for a CR. They might wait until the RC drilling is done??

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Well aware. Sounds good to me tho.
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