As for where I pulled the 70km to 90km - I used Google Maps. That's why I asked for someone with local knowledge to confirm.
I'm also aware that they have hedging in place. I meant that the gold price moving against them hurts their share price and longer term viability.
As for the potential for another cap raise, my concern is that the $2.2m isn't exactly a "game changer" kind of cap raise so when things are as tight and volatile as they have been for EXG I think its share price and shareholder would have been more comfortable if they knew EXG had the funds to withstand another hiccup rather than needing to fear more piecemeal equity dilutions.
Just calling it how I see it.
EXG Price at posting:
2.6¢ Sentiment: Sell Disclosure: Not Held