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.
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1 | 20000 | 0.032 |
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4 | 396666 | 0.030 |
1 | 200000 | 0.029 |
Price($) | Vol. | No. |
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0.036 | 392339 | 2 |
0.037 | 70869 | 2 |
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