From the last quarterly, it could be a combination of equity...

From the last quarterly, it could be a combination of equity raise and convertible debt. Con notes would be ideal down here, provided the price and term length are attractive, say 9c and 2 years. Would be a high level of dilution to raise any meaningful sum of money in the 5's or 30m mcap, and I would guess management holding so many shares would also be viewing any raising from a shareholder's perspective.



Does appear White Dam sale has gone cold, since there hasn't been any updates. I wonder if GBM will now pursue mining Vertigo themselves? That could be a good option over the next 1-2 years to generate shareholder value when the equity markets are dog sh!t and raising capital for drilling is highly dilutionary..