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

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.