Thunder, that's my thinking too, so that's why I'm thinking...

Thunder, that's my thinking too, so that's why I'm thinking they've done a back of ciggy pack Calc on likely drilling sights and depths, figured out the likely figure (which has exceeded their initail raising) and are going back to exsisting holders for that top up. I'm hoping this is a SPP offer to exsisting holders. If it say top end another $2 mill they need then that's one tenth of current MC and could be raised on a 1 for 10 offer ( if my math is sound on a Saturday night). That is a very palatable scentrio for most exsisting holders and is a strong buffer against the dilution. I'm no accountant but I'd be in even if my figures are a decimal point out somewhere.

I do think that this CR is linked to imminent Permit Grant and review of an extended drilling programme otherwise it makes little sense at all.