They raised $21.4 mill in the last raise and said 80% will be...

They raised $21.4 mill in the last raise and said 80% will be put Into RE, which leaves potentially 20% of that earmarked for the other campaigns, so thats up to $4 mill or so plus maybe some spare change from what they had before the raise, leaving a bit for general operating expenses.

4 mill is not too insignificant is it? Some companies only raise that much for their campaigns anyway so its like they did a fairly normal raise for the non-REE drilling last time.

I tend to think that they are solely focusing on the REEs and sweeping the rest aside to a degree but 4 million is not chicken feed and could fish up something if we're lucky.

As you said I just hope they don't undercook it and do it justice. Pretty confident in Dean Tuck to make the right decision on that point though. From hearing him at the conferences he has a strong belief in the story so hard to imagine he wouldn't give it the effort it deserves.

What kind of budget would the drilling plan u proposed require? Would 4 mill cover it? I guess not all of the remaining 4 mill will go to mangaroon gold exploration but it will at least allow the drills a tantalising sniff or more of the shiney yellow morsels that hopefully lie beneath it.

Does anyone remember if they have ever mentioned how they would spread their efforts and remaining cash over the non ree drilling? I don't remember the details if so. How much for mangaroon TY etc?

I'm sure it's somewhat dependent on what they find as they go but either way I'm going to be hanging off my seat waiting for the results as they draw near.