The price of the cap raise is a bit hard to stomach but that’s reality of where gold stocks have been, incredibly despite the strength in gold price. But $7m is a great raise in terms of amount, this will give a lot of flexibility and $$ to put into exploration over next 6-12 months and hopefully can be done simultaneously at Feysville and Mandilla so we can get an updated scoping study or PFS out as soon as possible. 1.5m oz at Mandilla, open pit would be very profitable. An extra 500k oz or more would be ideal from Feysville as it would be higher grade. And then we need to be looking at $100+ oz takeover premium. Feel there will be lots of tailwinds for gold stocks in next few months, hopefully management can deliver the good for shareholders and get this stock back well above 10c
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- Ann: $7M Placement to Advance Mandilla & Feysville Gold Projects
The price of the cap raise is a bit hard to stomach but that’s...
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