Delphi owns 29% so that puts about 8 million in the bag to start with. I imagine that covers the resource update and the next phase of drilling, the deep diamond holes hoping to locate the mother lode or lodes. I am happy with that regardless of what other funds come in. Based on past spending enough for about 3 quarters - also more time to negotiate a good deal on processing the ore which is ready to go, unless, of course, a bit hit with the deep drilling makes that redundant. Timing of the resource upgrade in relation to acceptance of rights offer will be interesting.
KIN Price at posting:
9.1¢ Sentiment: Hold Disclosure: Held
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