I think the company should outline EXACTALY what the extra money is needed and will be used for... Please don't cut and paste the 5 point plan we keep seeing in releases
For all we know all the new money could be funnelled into WORKING CAPITAL which could simply mean salary increases for all the staff...
Why not just say something specific like "we have achieved enough funding for points 1 to X and all additional funds will be used to drill area XXXX with an aim of increasing resources from 200,000 oz to 500,000 oz and increase the life of mine from 2 to X years"
Junior mining experts will tell you in order for companies to be investable they need to give you ALL the information
I think the company should outline EXACTALY what the extra money...
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