Ann: $4.8 Million Rights Issue Now Fully Underwritten-EXG.AX, page-7

What I'd really like is for them to get that stable operational cash flow to have the confidence to start drilling the crap out of the deposit to hopefully prove up and expand the resource.

I feel like, with a resource below 2M that EXG is caught in limbo, resource is big enough to produce a decent return for investors with the Norton milling agreement (assuming no further dilution and everything goes to plan), but too small to justify the $70M capex to build its own mill and control its destiny or be attractive enough that there would be a couple of cashed up large cap Aussie gold miners (which there are now a couple of now) starting to take an interest

So until that looks like it might happen I think it will be hard to take an aggressive position in EXG.