Hmm DEV just announced CR. That means three mining companies in Terry Goyders stable have had a CR this year. Each of them have been well executed so far. Based on how Julimar is going, I wish Alex and the team had raised another another $10-$20m. That said, with the success so far, I bet the could easily get another $60m my issuing just 20m shares at the moment. So its probably a good thing they did not raise too much earlier this year. The cash burn rate will be very high in the December quarter. It will interesting to see the figures when the come out in late January. Contradicting ramble I know. Changed my mind half way through.
Ann: Significant High-Grade PGE-Cu-Au Extensions at Julimar, page-93
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