Translation. 6 months until drilling, tie in, and production plant, which is equivalent to 12 months in BNL World. There will definitely be a Cap Raise during this time, most likely at a 10 to 20% discount to VWAP for institutional investors, which means @ .006 or so at todays prices.
It’s painful.
…it will also be successful
…by which time we with be diluted another 25% or so
…but we will be a producer.
IMO. DYOR. GC
Ann: Development Well Permitting and Scheduling Update, page-4
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