exactly - regarding XAM. All OB1 needs is to find higher grade portion over there and will be flying. And for that they need money to drill. Shutten North and West Kasulu will not be expensive to drill as they are shallow but still require about $1m to do it properly. Or at least $500k.
not sure if this acquisition is smart move. if they are flushed with money, then fair call but they barely managed to get this CR over the line.
Now they will probably (what choice do they have) with cutdown version of drilling and as a result OB1 will need lot of luck.
then again... they may get lucky.
OB1 Price at posting:
0.1¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)