I don't see the company doing a capital raise until this round of drilling (holes 1-4) is completed at a minimum. Haven't seen many mining companies capital raise in the middle of a inaugural drill program...
Besides, US$1m coming from sale of Chile assets which will keep the drill turning during December / January.
Better to capital raise on the back of a "good / great" hit surely?
I don't see the company doing a capital raise until this round...
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| LCL (ASX) Chart |