IVZ - General Discussion, page-1464

Will there be another drill in '24 post flow test drill? -
Yes we hope so as it is much cheaper to take rig to new site and commence drilling than to disassemble then move later and start again.
These are the words uttered by SM posted by Watford Lad...That answer doesn't say YES we are definitely going to drill another well in '24 (this year) as it looks like he is leaving it open as he knows that at present there is insufficient funds to pay for it.
So they will try really hard to slam another well into the ground this year if they have the funds. They don't have sufficient fuds at the moment that is apparent...so I reckon they will require around about another $40 million to get them thru to year's end incl. funds to drill the well (M3 ?) How do they get that sort of money? Maybe another massive dilution of 250 million shares would do it but hey SM may have some rabbits still in his hat as yet...we need those bunnies and we need lotsa luck.
We are most likely going to end up with 2 billion shares or more (if oppies get taken up) by the time that this show starts to pull into the clear somewhat IMHO.