yeh lets hope so - I do hold and have my fingers crossed on this, but not a good look when we are sitting on 3 to 5million ounce gold resource = $USD7.5Billion to $12USDBillion.
Can you imagine BHP or RIO saying we are developing a resource and using conversion of options to fund it?
I would be doing a CR at a discount right now and raise up to $30Million, and if the options come home then sweet, if not for some reason we are still okay, just a de-risking exercise.
I also think that our share price is being held back because our balance sheet does not show sufficient funds to fully drill out of our tenements to the reserve level.
Kind of small Australian explorer thinking, we will convert some options to fund it - well lets hope that all works out then.
TTM Price at posting:
51.0¢ Sentiment: Buy Disclosure: Held
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