Na, I think they'll raise more cash. There are still 5 Quarters of cash left & now down an MD that was on $250K, so there's more money saved there for a few Quarters. If they can find someone to fund this, it could go on for a few years to come, but there could be a lot of dilution coming. This is an explorer, this is what happens.
Hitting a decent uranium target in Canada could raise more cash at a higher SP. There are still gold acquisitions on the cards. I'm in, I never invest more than what I can afford to lose. You can't win them all, even millionaires lose bucket loads on the ASX.
There are companies on the ASX sitting on actual mineral deposits with a MC only a few multiples higher than this thing, that's the state of the speccy market on the ASX.
NKL Price at posting:
2.0¢ Sentiment: None Disclosure: Held
