An astute management team would use this opportunity to raise a...

An astute management team would use this opportunity to raise a significant amount of cash to fund the next 12 months of exploration... strike whist the iron is hot is the key in the junior exploration space.

Using the Company's 15% placement capacity they should be able to issue ~18mill shares without shareholder approval. Getting the raising away at $1.50 is not unrealistic If the extension of drill hole 44 and 42 show some reasonable results. I'm sure these results will be rushed out before an insto raise late January. The carrot on offer to the Instos who will lap up the capital raising (~$27mill) will be that the next hole will be to drilled strait down the guts of the IP 4 anomaly.

Once the Company has been appropriately cash up the Board will then be able to commit to significantly expanded fully funded exploration programme.