They will need to raise cash in the short term - no doubt about it.
However, with the exploration target out in the "near future" & " 16 drill holes still outstanding from a further 4.5km of strike at Reef 2" i.e Hyperion, of which 4 holes were released today; also due in the next week or 2, the stock could be trading substantially higher before they pull the trigger on the CR.
And here's another potential scenario for you: what if 1 of their neighbours - BHP & RIO; are the sole placees?
What will the share price do then?
I know these behemoths don't move fast, yet anything is possible.
Ann: Drilling Confirms Discovery of Large Cu-PGE Sulphide Reefs, page-106
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