Fully underwritten 15m, all taken but i believe a small portion is for investors, price looking like 13c.
I am speculating, but we are about to nab Bullseye and add 373moz shallow dig. Q2 Mt Joel will add minimum 1yr LOM Q3 Corboy to add 1 yr + LOM Will have 6 yrs without Bullseye by Q3 If we get bullseye, would be Phase 1 8 yrs LOM + optionality on Phase 2. Phase 2 DOESN'T WORK sub 2k Gold.
They are doing it right drilling this up and cleaning the slate, M&A also on the cards.
The raising has been scaled back, obviously at 13c... They did it now, June tax selling would of been disastrous.
One thing i talked to management about is cutting G&A, 900k ! what a joke. 80k a month insurance for the mill... but they said they are seeking cuts.
EAR Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held