That is why the neighbour starting with 'R' has a market cap under $9M, not bad for a company fully funded for its initial drill program and to pay all those costs you speak of. Great risk/reward IMO. Clearly they will need to raise again before their phase 2 drilling prior to the years end. In comparison, CGR already have a market cap close to $30M. Lots more cash in the bank than 'R' do which is fantastic and will be able to fund at least 2 phases of our drilling campaigns. Both companies look good from their initial pre-drilling starting positions IMO. Upside from both! Just have to let the drills do the talking now.
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1 | 150000 | 0.069 |
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