Hi FD - I reckon they have plenty of funds for more drilling and assays before a cap raise in needed.
I would expect MN to focus on his best discovery opportunity and hope to produce something to wake the neighbours.
If Limon comes in as a new separate porphyry, it could potentially add many millions of tonnes and perhaps even better grades.
All speculation but not out of the bounds of possibility.
You must remember that the value goes up with tonnes - AND the valuation per tonne also goes up with size of deposit.
It is amplified - more tonnes at higher valuation per ounce can lift project and share price a lot.
No cap raise until we have some really good news on drilling since end of October and ongoing drilling.
I am even thinking of buying more post the pull-back as I remain a believer.
Cheers,
DDD
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1.0¢ |
Change
-0.001(5.00%) |
Mkt cap ! $36.46M |
Open | High | Low | Value | Volume |
0.9¢ | 1.0¢ | 0.9¢ | $54.5K | 5.694M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
28 | 10203396 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 627504 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
28 | 10203396 | 0.009 |
13 | 6673800 | 0.008 |
9 | 4500856 | 0.007 |
3 | 1950000 | 0.006 |
4 | 2423200 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 627504 | 3 |
0.011 | 728000 | 1 |
0.012 | 8478453 | 11 |
0.013 | 3427563 | 7 |
0.014 | 2770629 | 6 |
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