I agree with CoProspector about why we haven't drilled Cancet. If we did drill and found nothing useful it will be a write off in the eyes of a lot of people. I have made a similar comment before.
I don't agree that it will be the end of MTC. That's is a big statement from CoProspector. We have shown that our existing cobalt tenancies are not great but the lithium tenancies are yet to be proven.
Also as our directors have alluded to in the past, they are after new tenancies and looking to explore.
We have some cash at the moment to do what we need to and for the right project we can raise further cash (May be not the ideal time, but can do so nonetheless).
(20min delay)