ICG 20.0% 0.4¢ inca minerals limited

Capital Raising, page-47

  1. 5,578 Posts.
    lightbulb Created with Sketch. 50
    I agree with you! sampling is very important.

    But they have had access to $4million to complete sampling and an initial drilling campaign and they are raising again without even having drilled a hole!


    You think that is normal? sampling doesn't cost that much, I have seen other similar exploration plays carry out sampling programs where they take thousands of samples and complete 5000-6000m of drilling for around $2 million.

    These guys haven't even done the drilling the expensive part, besides sampling where has the money gone ??????????????????????????????????????????????????
 
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