Market cap is ~2.9mil
A simple 1mil raise will dilute SH by 33%+ at this level.
currently close to 600mil SOI.
another 250mil+ shares (presuming offered at a discount)... will take our SOI closer to 850-900mil.
IF it hits "1cent" after that... it will mean our market cap will be closer to 9-10mil. Yet we will still not have enough cash in the bank for a drill campaign.
Some people here already raised concerns regarding whether a drill campaign may even be possible at garnet skarn copper whether they will get permits..
Augustus is the only prize I see here for potential... unless they make a new acquisition...
imho
Ann: Significant upgrade to JORC Exploration Targets, page-11
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Last
2.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.277M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 89803 | 2.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.8¢ | 6445 | 2 |
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| Last trade - 16.12pm 17/05/2024 (20 minute delay) ? |
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