The plan is to sign a JV with someone, or a funding deal to drill two holes. This will mean they can validate the old drilling, bring the resource to a JORC compliant indicated one and then work on further studies from there.
Whilst you can never rule out a raise, my reading is they are sufficiently funded for now. Key focus is getting a deal done, with a (hopefully non dilutionary) funding partner to progress to drilling next year.
News before that, is hopefully a partner, MOU and all going well, timelines to drilling.
DAV Price at posting:
5.5¢ Sentiment: None Disclosure: Held
