You guys do realise they are only one year into a two year technical program right? Don't expect any actual drilling for at least a year, possibly two if they have to take up the extension.
It looks like the AVO study is due this month, then the Year 2 work program begins. Once that's done they still have to apply to convert into license contracts and I assume they will need enviro approvals etc. before they can drill.
Currently $4m in the bank, may go another quarter or two before a raise? There will be a farm out at some point also, which should assist with the cash position.
I've been watching this since Scott Mac came on board and I know he's pretty keen on the prospects here. I'll continue to watch and potentially start buying during the quiet times (like this).
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You guys do realise they are only one year into a two year...
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Mkt cap ! $12.71M |
Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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2 | 176154 | 0.024 |
1 | 434782 | 0.023 |
1 | 500000 | 0.022 |
4 | 650000 | 0.021 |
Price($) | Vol. | No. |
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0.028 | 485137 | 3 |
0.030 | 351927 | 2 |
0.031 | 35550 | 2 |
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