I don't really want a capital raise until we have the IP at Nil Desperandum and put a few more holes into the SW extension of NLIP4. However if we raise now for positive reasons of drilling out a major discovery then that is a good thing. I would hope for a $30 million capital raise at say $1.50+ or 20 million new shares. Now is a much better time to do it than when it was at 28.5 cents in December. Very little dilution for serious exploration dollars.
Well done team Carnaby. Raise some serious cash and lets do this!
Ann: Investor Presentation - January 2022, page-11
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