for the faithful, page-22

Put simply, this company is being given away at 5c. The company will have to issue double the current shares on offer to raise the required amount.

The capital raising is excessive and will be issued too low. The excessive amount will ensure management don't need to raise money in the short term future. If we raise $14Mill, we can acquire the tenements, drill and then raise more capital at 30c ($6) by issuing less shares.

The only ones benefiting are the investors receiving the placement at rock bottom prices and the management who don't have to worry about money to pay the bills for the immediate future.

Once again the little guy gets left behind with the usual minimal token placement amount of $3Mill just to shut them up. Disgusting.