OK with me if some regard the royalty raise as dilutive - they can make a point, but I dont buy it.
1. Ask what the dilution would be if you issued shares to raise that sum - or even over several years spaced out !!
2. Then factor in the confidence boost from a major fund who really knows how to do DD.
So news is a bit late this year - probably they are drilling deeper or more spaced out from the surface gossans - Dave will have his results for Noosa in mid July. Hope I can make it, but there is family stuff surrounding those dates. Will definitely watch on video - I think you need Zoom up and running to pull in the feed.
Happy hold here, but at present the action for me is elsewhere.
Ann: $18.8 Million Royalty Financing, page-79
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