To me this looks as well as if the company is trying to re-position itself. Applying a sense of "Think BIG" must not be bad.
- They have drilled to 102,5m with a resource of "just" 245k
- Showing an exploration target to at least double if not triple the resource may be key to attract big players
- An updated JORC @ Ricon is planned for Q3/2021
- This requires drilling (to at least 300m)!
- In parallel Tonopath Exploration planned in Q2/2021 to progress US operations
- $2.9m in the kitty may be insufficient for running operations + JORC update + Tonpath exploration
=> Capital raise around the corner (imho)
=> ~US $30m would cover running operations + Stage 2 + JORC update + Tonopath exploration
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To me this looks as well as if the company is trying to...
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Last
8.6¢ |
Change
0.003(3.61%) |
Mkt cap ! $125.2M |
Open | High | Low | Value | Volume |
8.5¢ | 9.0¢ | 8.5¢ | $90.04K | 1.021M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 48342 | 8.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.0¢ | 54699 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 48342 | 0.086 |
2 | 103047 | 0.085 |
3 | 85587 | 0.084 |
2 | 207062 | 0.083 |
3 | 336585 | 0.082 |
Price($) | Vol. | No. |
---|---|---|
0.090 | 54699 | 3 |
0.091 | 100000 | 1 |
0.092 | 525976 | 5 |
0.095 | 69294 | 2 |
0.096 | 24374 | 2 |
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