I have a theory. 25 mill shares on issue. Asset developed substantially prior to becoming litsted asset.A lot of hard yards already done and money already spent getting it this far. Drilling results ahead. If the share price hit 50 cents in coming months on the back of bonaza results the market cap would still be a mere 12.5 mill. Raising capital at these much higher levels means more dough can be raised with much less dilution.In my opinion there is a reason Dateline did so much work on this privately..and took so long to "back door list" this mining asset.
The big man could have fast tracked this years ago with his connections, something tells me this is his "baby" and has been nurtured for a big payday.
CNO Price at posting:
14.0¢ Sentiment: LT Buy Disclosure: Held
