STAG11 - correct they have planned to spend the 2.7m - just realised the original post was estimated cash flows for next QTR
so they will only have half mil on hand so cash raise is likely prior to resource announcement
I did some rough figures some months back and allowed for another $30 mil of capital raises at $0.30 per share
I am hoping a resource upgrade to 2.5m Ozs and with the above dilution and a per Oz value of $50 I work out a SP of $0.51.
Also if they can get into production after the $30mil in spend I put an SP of $0.68 based on EPS - again very simplistic and doesn't include likely debt repayments or further dilution for CAPEX requirements to commence production activities - I am unclear how they will transition from exploration to production and would expect a TO is likely if the resource is proved up
These were rough figures and I'm sure it won't play out that simply but allows me to weather the ups and downs having an expected SP to target
