$10m was before costs.
Costs to raise the funds were ~$600k (Joint lead managers fees, ASX fees etc). I think there maybe a few more costs, so maybe another $100k-$300k
They drilled a deep diamond hole last year of 555m at Tantor to understand the geology and hit various minerals etc.
The extensive exploration program costs money unfortunately!!
These are some of the types of costs they have incurred, since listing.
Geo's and consultants
Mapping
Extensive Heritage Clearance surveys to allow for 73 drill sites across the 6 targets
Field works
Access/Heritage payments
Assays - lab costs
Gravity surveys
EM surveys
Application for exploration licence for 4 blocks at the southern end of the Webbs Project
$10m was before costs. Costs to raise the funds were ~$600k...
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Last
41.5¢ |
Change
0.095(29.7%) |
Mkt cap ! $37.67M | |||
| Open | High | Low | Value | Volume |
| 35.0¢ | 41.5¢ | 32.0¢ | $448.9K | 1.221M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3000 | 41.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.5¢ | 40210 | 1 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
40.0¢ |
Change
0.095 ( 23.1 %) |
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| Open | High | Low | Volume | ||
| 32.5¢ | 40.0¢ | 32.5¢ | 335684 | ||
| Last updated 15.56pm 03/05/2024 ? | |||||
| CGR (ASX) Chart |