IMO:
Before you get too excited the drilling is adjacent to existing known intercepts so it just confirms what is already known.
More importantly there has been NO resource updates or any updates to quality since 2017 so just inferred resources at KAT GAP.
They don't have any funding for the $ 5.15M program planned which was meant to be paid for by "Loyalty options" to excise at 5c when the SP is dipping into 2c !
They are in debt already and further debt to get to producing.
Who is going to fund getting to production? They have previous used shareholders as a piggybank.
They now have only loan shark options or desperate funding options available and those now are severely limited after a disastrous consolidation of the SP with massive tanking of the SP from 15c to 2c!!!
If you think this is well done then maybe you bought some "Loyalty options" ?
IMO:Before you get too excited the drilling is adjacent to...
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