Ann: Quarterly Activities and Cashflow Report, page-2

A mate mentioned this so I had a quick look.

I like sulphides and I like the low market value.

Less than two quarters of funding available. Other market participants are talking about the difficulty in capital raisings at the moment.

My take, for what it is worth, no expert etc etc, is that this could struggle in the short term but could do well again in the next up cycle.

They did say that they had some discretion in exploration spend- but saying that is different than champing at the bit to get funds to exploit a world class resource etc etc. It does not want to slip into the suspended animation stage of the small cap life cycle when a stock just survives but has not the funding to actually do what it exists for.

Be gentle if you disagree.

IMHO DYOR