You would think that these drilling results from Brown's Range would form part of the IM to support the capital raising.
Based on past efforts it could be a rights issue which together with option conversion would raise around $10 million to get through the 2012 drilling season.
At that stage with JORC resources and more detail on John Galt NTU could engage with end users for the next finance round to take them to the plant build stage.
Interesting to see if the issue is underwritten.
drilling results...., page-4
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