I held WTM last year, which Advance is similar with. Wtm bought the spur project next to NEM Cadia super gold project(>60m oz). And the former explorer got some excellent drill assays as well. When wtm got the project, it held 1.2m cash in the bank. When they began the maiden drill campaign，they got 3m cash and investment. After the initial excellent assays came out, the cr was $3m.
So I agree with Swingerz, at least $2m. I sold WTM at 33c when following assays disappointed me. Hopefully, Advance won't disappoint me.
Ann: Drilling program defined for high grade Myrtleford targets, page-21
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4.8¢ |
Change
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Mkt cap ! $12.72M | |||
| Open | High | Low | Value | Volume |
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| 4 | 137000 | 4.7¢ |
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