They are fully funded to drill for the next 3-6months. They can’t have burnt through all that capital on this single drill program in NSW Cobar region. They also still have gold drilling to do, which I consider to be bigger than this copper drilling that they are doing. Just need those gold auger drill results and prioritise gold targets for more upcoming drilling. HLX are more than likely to make a gold hit than probably a copper hit.
HLX Price at posting:
0.2¢ Sentiment: Buy Disclosure: Held
