About 70m market cap at 24 cents looking at that chart. It’s doable, but you would need lots of positive progression with the new acquisition, and that will most likely not happen within a month. Unless this gets hyped up. I think a more realistic target is 9-10 cents once all new shares are issued.
It’s still fairly low SOI compared to some other juniors out there. And things were looking grim when this was back at the two cent range before the acquisition. Raising at two cents would have been brutal. So definitely top marks to management for getting this acquisition deal through.
MTM Price at posting:
7.6¢ Sentiment: Hold Disclosure: Held
