Io, you do realise that this is a mineral exploration company...

Io, you do realise that this is a mineral exploration company and that the only way to add value is to find more metal in concentrations that can be economically delivered to market. If you have a way to do that and end up with a resource that is JORC compliant without drilling (or geophysics or another method of exploration) then the market will be glad to hear from you.

Simply sitting on limited funds and doing nothing with leases gets you nowhere and mining jurisdictions like Canada have a 'use it or lose it' policy so that you must spend money on a lease or relinquish it.

It is unfortunate that the capital raising came at such a low in the share price but it was always coming before the next drilling season at Storm which is April.