TBH I know that's a good number but I have no idea what it means exactly.
I do know that as the share price was 20c+ when gold was at 1100 and the corresponding rally didn't happen due to the dilution and options with a new $15m investor, that mathematically this is great news.
Disclosure- I won a multi on the weekend (nRL perfect round!!) so that 8500 that paid 17c was my winnings.
Ann: Cascavel Gold Project Development Update, page-7
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