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Ann: Quarterly Activities and Cashflow Report, page-3

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    Then what? We CR $20m and ask people to invest for a premium price on account the maiden JORC and subsequent exploration to hit or beat the target at thompson, and the 100's of m of gold we sink the drill bit through on our way to maiden JORC in Alaska. Then we spend that $20m kicking off hole in the ground while we drill for a bunch more.

    Something along those lines.
 
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