There is plenty of cash in the tin now to follow up anything quickly. Nice.
I reckon it's 6c or $6.
With the JMEI tax credits worth 3c on the 10c placement = 7c real cost, and the Options worth something, say 1c, it looks like a zero-risk all upside play for the Sophs investors on this one.
Ann: Strong Support for Peake Project Drilling Placement, page-5
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