Let's be real here @m0ngy.. While I appreciate the optimism...
Cannon does not have 2 quarters of funding left in my eyes. It has two quarters left if nothing happens and only staff costs are paid.
For the last two quarters they have spent approx 1.5m per quarter. Now I don't know about you but if they were to keep this up they have 1q remaining before they would need to raise. I don't know any mining company that waits until they cannot pay their staff wages before going to the market to seek more capital.
Secondly, your timelines are out of whack.
The resource upgrade is not going to happen until after drilling has happened.. Whos organizing any drilling? Noone that i can see. Certainly not Alex who has two weeks to deliver his own scoping study on time.
Who's organising drilling? Even if drilling starts now it will be one month to complete, another two for assays. Another month for resource upgrade. Certainly no scoping study coming Q4. Not sure where you got this info from.
CNR Price at posting:
28.0¢ Sentiment: None Disclosure: Not Held
