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News will likely come out next week (as per announcements).I...

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    News will likely come out next week (as per announcements).

    I suspect drill hole 1 was a flop, which is why it will be bundled in with drill hole 2, where multiple aquifers were discovered.

    "How much money do they have in the bank?" the downrampers will ask

    $2 million cash
    $3 million undrawn credit facility

    This is enough to complete the next four holes (pending good results).

    A raise after that, then?

    I wouldn't count on it.

    The Managing Director is looking to engage with end users (debt funding)

    I don't know if that looks like an offtake agreement, where money would come from pre-sales?

    Either way...

    $19 million market cap, huge upside potential if the grades are half decent.

 
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