As stated in my earlier blog, capital raising finally occurred. significant share dilution is anticipated as CXO management would not like to go back to capital raising again soon.
So enough funds now would ensure long and continuous drive for exploration in Alberta and Roxby should drilling fail to uncover high grade silver.
One should keep in mind examples of ICG, AQD, CZN and WCN where they did not find deposit of any significance despite very good VITM survey results.
Chip sampling another tool in exploration but uncertainty remains until drill samples return high grade assay results.
Therefore, wait until drilling commences and assay results are announced.
capital raising-as predicted
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9.1¢ |
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Mkt cap ! $194.4M | |||
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