looks like rcp will be needing more money soon

Yes, I thought this after reading the RCP Business Strategy dated yesterday 8th May 2013 and considering the possible Costs associated with Drilling and Exploration/Acquisition
and a quote from it is submitted here.
(Acquisition, now that's an interesting word, here)


'Proceeds from capital raising
The funds raised from the offer under the prospectus dated 13 February 2013 and supplementary prospectus dated 27 March 2013 (Offer), are to be used to provide funding for working capital purposes and for an initial exploration period to firm up the known resources at the Project. The remaining balance of the funds raised will be used for administration costs, the costs of the Offer, payment to creditors and the repayment of debt.
The Company has proposed the following exploration budget:
A$
Wages
350,000
Tenement Rent
20,000
Exploration (Woologorang JV)
1,200,000
Exploration/Acquisition
1,010,000
Total
2,580,000
The exploration budget will be subject to modification on an ongoing basis depending on the results obtained from exploration and development activities as they progress. It is also noted that proposed expenditure is sufficient to cover the minimum expenditure obligation.
Further information can be found in the Prospectus and on the Company’s website at http://www.redbankcopper.com.au.'

No responsibility taken for any losses in association with this posting.

regards,

moly