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18:02
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Originally posted by Blythefan
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10km of drilling will cost about $750-1.25M, plus admin for the 2-3 quarters it takes to do the drilling ($500K). So Podium is flagging that it needs to raise $2-3M in the next few months. WHilst it would be nice to raise this money at 20c, it's pretty normal for the share price to be lower right after listing, so I can't see brokers and sophisticated investors having a problem backing this. I've already, on my own thumb suck, put the Exploration Target at around 2M Oz 3E PGE + Au, so the company thumb-suck c omes in within that range.
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Yes they need to raise some more money. If the market ever gets excited about PGE then POD could run. It really needs some market interest though.
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