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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