Except it's not going to be 1 rig at Cancet now they've gotten serious. I expect this raise will just be the beginning, they'll do more FTF CR this year and maybe also set-up a mobile lab with some other companies in the area.
Imo the model to follow is Red Dirt (RDT) who raised (iirc) 65m aud and will drill 150,000m this year. It's cheaper to drill in WA, so we'd need more than 65m to do 150,000m in Quebec, but then we have the benefit of FTF.
Ann: Winsome to raise up to A$60m to accelerate Canadian projects, page-136
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