Originally posted by aliscrazy:
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They only just raised money, they have plenty for the time being but if this move keeps going, probably smart for them to raise even more coin if there is more hype. You can't really predict future spend of micros as you don't know exactly what they are doing each qrt so you can't go off last qrt spend like most people think you can. The cash figure I provided is more current than the qrtly figure you are looking at so I am unsure why it is of concern.
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Plus correct me if I'm wrong, the upcoming 2 diamond holes is part of an EIS. So they get funding for it. Helps again with outlay of cash.
Hit something, CR much higher as drill out funds will be required
Hit nothing, still enough cash in the bank to continue on with smart exploration for a good while before next CR
(20min delay)