Yeah you're about right, thanks. I went to edit my post to add...

Yeah you're about right, thanks. I went to edit my post to add the expenses of the last qtrly but it timed out.

30/4 - Qtrly - Cash = $1.57m

27/5 - Capital Raise for $2m at 18.5c = $3.57m total cash

10/7 - Capital Raise for $2.5m at 25c = $6.07m total cash

Last Qtrly $981k expense and allowing for the cost of the raises yeah end up at $4.731m Cash.

Not complaining with $4.73m cash when most spec stocks if they have any cash have around $1.5m plus millions or billions of shares.

No mention of a Capital Raising in this trading halt, that would need to be included; usually worded with such as "requests a trading halt for the expansion of equador project and a capital raising."

I imagine if it's Sandro's tenements (likely) he'll do a similar deal as before, small cash upfront, 2% royalty and shares.

Likely a CR will come once permits and drilling starts, to fund a bigger drill campaign especially with more tenements now but that would be months away if not the start of 2025.

Benefit of having only 81m shares is there's lots of room to allow for some raises without significant dilution or to raise a significant amount of cash if someone really wants a large holding.