4c SP would mean the market cap of around $70 million and that's without the further dilution which will inevitably happen with the upcoming CR.
zero chance. nada.
they have under $650k in the bank if that, and no sign of any meaningful results. no money for further drilling either. nobody knows what are the real timelines as the ones announced by the BOD never eventuate...
if they are going to raise at 1-1.1c which seems to be the most likely outcome, then they will have to issue approximately additional 200-300 million shares which will dilute & decimate the current MC.
it's starting to look scary for the existing holders.
good luck comrades!
4c SP would mean the market cap of around $70 million and...
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