It'll be interesting to see how much cash the company has left. The quarterly for the September quarter should come out any day now (due by next Tuesday?).
According to the June quarterly, the company had $2.9 million in cash at the end of June, and by their own estimation expected to spend $2.35 million in the September quarter, i.e. estimated that they had around one quarter of 'runway' left then.
IMO, while the company probably doesn't spend a lot now that the DFS is finished, a small cap raise would be prudent and is likely - unless project funding is all but teed up and absolutely imminent. If not, better to have some cash to have time to sort out the best deal.
Just my five cents worth, happy to be wrong. Either way, I have confidence in the people running this company, they have delivered so far.
It'll be interesting to see how much cash the company has left....
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