Ann: Copper Search Quarterly Activities and Cashflow Report, page-8

For memory they have $7m which is enough - easily - for their forthcoming 4 hole drill programme (even though the drilling will be expensive - and difficult).

Most companies would do a small cap raise before a drilling programme like this just to keep the coffers full in unpredictable times.

It's pretty obvious that CUS directors are extraordinarily bullish on the P&D (it's their only project) so possibly they won't want any dilution before drilling. This would be v brave as poor results will kneecap the share price...but that's just how confident they appear.

Good Luck to them.