Morning all
Previous holder here, who escaped with a scolding instead of 3rd degree burns. Feelings go out to those with the burns.
@Mattminton79 good to see you still lurking around the forums!
I've kept my eye on ICG often over the past year, and starting to feel like opportunity is near if I wasn't to be part of the coin flip gamble. Gambling can pay off... That's why we are here!
Question for you more informed posters, I'm looking at cash, how much do we think they have?
Last quarter ended with 760k which was enough to find a quarter. Which is now.
They got 700k from the sale and a $200k grant (assuming they chip in the same). So assumption is $900k in kitty. Am I missing anything? There's a 500k loan facility too
McC looks like 13 holes RC, I'd assume 2000m, and $250k ish
Note, just saw your posts
@flyboy77, seems we are on the same page there
NT drilling - are we expecting RC here too?
My thinking... If kitty assumptions are right, then QLD is their best hope of getting to 4c then raising, whilst progressing on high risk NT. If they have more money, or QLD is dusty, they will likely need to use the $500k and prove something exists in NT.
I've a few holdings right now with high reward potential, but notable risk. This feels like a high: high balance unless I've missed some money / facts
Cheers
(20min delay)