Sure $8M in cash sounds great but if there is nothing in the ground where they are drilling, the MC will drop even further.
Leading up to this first drill Stan was saying how confident they were with their target at Surus, but it turned out a duster..
SH's have lost confidence in the CGR team and that is why the SP is $0.18.
The next hole that CGR drill - Shep nickel target, needs to hit the target...or SP could drop below 10c.
Ann: Webb Project Drilling Update, page-124
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