GBR 0.00% 5.6¢ great boulder resources limited

Ann: Completion of Entitlement Offer, page-25

  1. 106 Posts.
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    Even if they find something today worthwhile, they'll still need a cap raise just to fund the setup costs for mining the site wont they? 4mil wont go far in that space and yes if a significant find is found the subsequent cap raise would be easily enough done I imagine - if done soon for that purpose.

    Without a significant find soon, how many more cap raises are realistically possible to keep funding exploration and/or management wages?

    Not trying to down ramp and I understand these junior drilling operations are often like educated lotto tickets, hence the transient holder base - but just trying to put a practical timeline to how much "patience" can be granted or even realistically afforded at these prices/market cap to gauge a risk/reward scenario or life expectancy of the company in the absence of a viable find?

    Not particularly well versed in mining exploration stocks, but that just seems like the biggest rational risk to me right now.. happy to have someone more familiar with a company of this MC size in exploration let me know their options from here to keep the exploration going in the absence of a significant find.


 
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