I cant answer that - the first verticle drill hole will be in June so it will be a wait and see- if hydrocarbons are in abundance then could hit 2c share which if successful i would expect funding to come in around that time - not before as some have wanted funding in place now but with 2.1 million in bank they will be fine for first drill programme- Gus stated they were looking at initial 12 drillholes- the money will then come if they are successful At current shareprice and considering who is on board this is potentiall a no brainer at todays prices - .0o06 .007
I would hazzard a guess that any funding will be around 1.2c share which will underpin the shareprice at 1.2-1.5c if results are good and thats why i say the funding wont come until we know more about June drilling programme
Cheers MMM
QPN Price at posting:
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