Fair comments. There WAS plenty of (potential) cash to fund a...

Fair comments.

There WAS plenty of (potential) cash to fund a shiteload of drilling when the bulk of the options were ITM, now not so.
With 3 rigs and expanding the camp the cash burn will be much greater than the last 2 quarters.
That said, IF holes in assay lab ATM and holes 38/40 at Target A come in with the goods then the options at current levels will look like a very smart buy. Watch the price and VOLUME action closely in the next month for clues.

For mine, I balance the market cap vs grade vs potential tonnes and adjust my view (and any further buy ins) accordingly.

IMO it is a legit Ni discovery but it's no Cosmos or Julimar etc.

Trivia - Carr Boyd mine was 3 breccia pipes totalling 220,000 tonnes at similar grades being hit now. Small.

DYOR