There is a fundamental lack of understanding in how an explorer operates if people thought at CR want imminent. After this drill they have pretty much no money to do anything further. It was a given. They just thought the SP would be much higher after the announcement therefore less dilutionary.
Despite what Scotty said, to think we could loan tens of millions with nearly nothing in the bank to keep drilling exploration wells in a few months is somewhat optimistic. It’s hard enough to fund a mine build after years of feasability studies with revenue expected in 12-24 months. Those projects also need to cap raise to get the loan so thinking this CR is out of the ordinary or unexpected lacks insight.
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