Hold your horses buddy! The expected outflow this quarter is going to be low due to the limited to no drilling regarding the Ni and U prospects. They have a freebie DD for the NI and the U is more around samples, surveys and historical interpretation before they get down to drilling which I hope starts in Q2 or late Q1. Most probably RAB or RC drilling as they are cheaper than DD where DD is not needed at the moment The cash call was clear to occur since last quarter where many RC and DD was utilised for the Ni Yes, the last cash call was at $0.019 and was for double what is being requested now ($1.5m going by what @cupoftea90 has mentioned) but it is also smart from management and I like it. It minimizes dilution with a top to get us to mid this year where another cash call is likely to be needed. By then though I hope we have some good results from U which hopefully pushes the SP higher Would have been great to have the cash call price at above $0.01 but it wasn't meant to be There is a chance the SP hits $0.10 in the next 24 months without any need of a consolidation ... here's hoping anyway
ADD Price at posting:
0.8¢ Sentiment: None Disclosure: Held
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