I interpreted this announcement as sau will JORC a resource at Weolyu which may give the option of selling the asset to fund mining of ***ong/ Kochang.
Otherwise why out of all our speculative assets we hold pick this one to create a JORC resource.
I also wonder if they have an investor in mind if they do Jorc a resource at Weolyu
I am happy that we kept the register tight with this raise but concerned if funds are not forth coming from Cannon underground or we are unable to JORC a reasonable resource another capital raise is on the cards and will need to be a lot more than $1 million.
Just my thoughts
GLTA
Cheers,
I interpreted this announcement as sau will JORC a resource at...
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