Correct Cobar deposits are deep and a recent luncheon I went to a similar deeper play company was quoting $400/m DD so doesn't take long to go through the dollars when drilling at depth.
Well done to get the raise away, best time to do it is when the market isn't expecting it. So long as you get the value and bang for buck from the drilling, its all that matters.
Considering this was at 6c for ages not long ago, great result to get it away at much higher prices. That's the spec resources game.
AGC Price at posting:
41.5¢ Sentiment: None Disclosure: Not Held
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