They have $3 mil from the recent raise - including $0.5 mil from...

They have $3 mil from the recent raise - including $0.5 mil from Lion. That should go a long way to drill out the near surface easy milling gold ore for toll treatment at one of the nearby plants.
It is a goal of many companies to be self funding to continue exploration up to the Feasibility Studies stage, and it is difficult because of the costs imposed to get environmental and heritage etc clearance. I would expect that when an offer of capital comes the board would consider it closely.

So all that taken into account the great advantages here are
1. The 900,000 oz resource.
2. The near surface shallow open pits.
3. Neighbours in the Charters Towers region with $5 mil ozs.
4. Historic data sets over the granted tenements valued at ~~$50 mil. *
5. MD Damien Keys skilled at reading that data. Done it before. *
6. Lion Selection capital support. *
7. Strong Board intermingling with Black Cat Syndicate, which is on the same trajectory but (say) 2 years ahead of Sunshine.
8. And the remarkable EV somewhere near the $8 mil figure. (~$5 mil in a strategic share holding)

*** refer Hedley Widdup of Lion in his recent video interview of emerging goldies. A previous post. Or just google him.

All above contains personal judgements and opinions, so it is only my investment thesis. Please DYOR.