LEG 8.33% 1.3¢ legend mining limited

It would be interesting to gather peoples thought on how much an...

  1. 80 Posts.
    It would be interesting to gather peoples thought on how much an exploration program would cost to confirm JORC resources and how it would be finance.

    I have found an article dated October 2010, which provide us with information on this matter:-

    Core mining has spent $ 40 million on exploration on Avima project in the Central African nation and is planning a drilling program next year, which could cost as much as $ 100 million.

    I would expect capital raising is in due course for LEG to confirm its resources. But $140 million is a lot of money to come up with. If CR is successful, what would be the impact of dilution of its shareholders.

    I think that this question is very important for any investor in LEG.
 
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