Agree, they'll need $20-30m to drill this out to a resource, but as you say there's pre-paid on the immediate costs.
I'd assume that they'll look to raise in the near-medium term depending on share price performance and results. Before anyone shouts that down, I'd assume that if they can get this to 45-50c you'd likely see a CR with bigger institutions for a $20m+ piece of the pie to allow for feasibility studies on DSO and to also allow for the district scale drilling.
It's all positive
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Last
12.5¢ |
Change
-0.005(3.85%) |
Mkt cap ! $64.70M |
Open | High | Low | Value | Volume |
13.0¢ | 13.0¢ | 12.3¢ | $254.9K | 2.037M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 107998 | 12.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.0¢ | 370077 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 107998 | 0.125 |
14 | 1568742 | 0.120 |
8 | 1324356 | 0.115 |
6 | 568454 | 0.110 |
5 | 778648 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.130 | 370077 | 6 |
0.135 | 322430 | 6 |
0.140 | 563401 | 5 |
0.145 | 251538 | 5 |
0.150 | 347626 | 10 |
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