Ann: Completion of Ground Geophysics Enhances Targets, page-333

Correct mate. CGR targets look compelling!

Also all our targets are cleared for drilling.

RCR has no approvals in place for drilling the new targets, so not sure why he is jumping up and down. On top of that, they will be low on Cash at the end of this quarter and will need to raise in May imo. Maths is not there strong point.

$2.1M Cash balance (31st March)

($900k) Diamond/RC drilling
($100k) geo/gravity surveys and lab assays
($50k) fieldworks/heritage clearance
($150k) staff/admin costs
($1.2m) Total costs

$900k Cash balance End of June (this is my estimate, but i don't think i am too far out).

They cannot do any more drilling!!!


CGR on the other hand have $8.2M cash and soon to start our extensive drilling program. Fully funded for the next 12-18mths.

I hope the final weak holders on CGR sell today and next week we begin our re-rate!!