3 million is 2.6 quarters of funding so by September they are out of money.
We all hope the drilling brings news so that the next raise is at 1c or 10c instead of 0.1c.
They are putting the money in the ground to try and find something. Resources to date are not quite at the scale or grade required to excite the market but there are lots of targets.
I have little hope for the Ionick metals stuff to proceed with the glum news in the nickel sector. Hard to see anyone being interested in small moderate grade laterite deposits when operating mines are closing due to the low nickel price.
GLTAH
3 million is 2.6 quarters of funding so by September they are...
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