Ann: MTD026 Aqua Regia Testwork Confirms Nickel Sulphide, page-10

Quarterly said they have 2.5 quarters of funding at planned expenditure.
It is already clear that their discovery is large, albeit low grade.
Market cap of about $29m.
Roughly 60m shares on issue, which is clearly tiny.
Test work seems to indicate that its a sulphide resource, and likely financially viable

Even if they choose an initial focus on top 400m, there is still a lot of drilling to be done - hence further significant capital raising, JV, or takeover.
If they are going this journey alone, I hope their next raise is much larger than the last, as I guess they will need $20m or more to drill out the discovery area.

At what point do they come onto the radar of potential acquirers?