@KlothoI think you should subtract the 1.3 from the relevant...

@Klotho
I think you should subtract the 1.3 from the relevant outgoings and then divide the total cash by that number. It comes to about 14 quarters of funding remaining.

Obviously with these sorts of companies thats going to change according to the operations they are performing that quarter but it gives a better idea of where we are at financially. Note that drilling campaigns can often cost upwards of several hundred thousand bucks so thats not to say we wont be raising by end of year, just that its unlikely.

I would absolutely prefer a cap raise around the 4-5c mark as that means ive already quadrupled my investment. a 50 mill MC seems perfectly feasible given our results so far so i'm really hoping you're right mate