A buyback doesn’t really make sense for a junior exploration company that needs to burn through cash to hunt for land, explore it, and hopefully develop a project.
It can cost tens of millions to run a drilling campaign alone to develop a resource. Much better for them to hold onto the cash, and use it to obtain and advance promising projects. Rather than spend it on a buyback and have to dilute us later through CRs. Finding an economic discovery would be an investment that would pay off for all of us.
A buyback doesn’t really make sense for a junior exploration...
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