I see both sides.
Fellini makes a decent point, 14m is a lot of money when you're already looking to try and raise 50m+ for a plant at the same time (which they'd have to, to try and justify the asset purchase to a bank).
Means they will also need a lot more drilling this year, to justify that also.
On the positives, reading earlier announcements, the strike length is upward of 20km, with positive copper results from trenching of 2-9% for a majority of 8km @200m spacings.
Thats quite a decent geochem survey already.
Couple that with a few high strikes, it leads me to believe there is atleast a worthy resource to consider the investment + exploration costs can be minimalised by targetted drilling.
This year will now continue as a cap raise soon most likely then an aggressive drilling program. It would be smart and dumb (in hindsight ofcourse) to raise after the next result. If its a hit they could drastically lower dilution. If its a miss most (including me) would sell immediately, as it greatly weakens the resource being continual (and thus easily defined) due to some fault activity or something similar.
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