The trouble with going back to an explorer is they will only be drilling for "structure". The gold is nuggety so it will be hit and miss as far as finding gold goes. They might find gold in 1 out of 15 holes. They are relyig on structure, and unfortunately they havn't got enough production history to know what structure holds the gold. This is "obviously my opinion only" but it's the same problem every other Victorian goldy has had, It's hard and expensive to find the gold. But they probably will go back to explorer because the ore/ground they were milling was no good so they have to find/hope/drill some more before spending big bucks to mill the stuff.
A sub $10M market cap is almost a certainty. Add to that the dilution with the upcoming share placement and we are looking at a share price under 5 cents, probably closer to 3 cents once things settle down.
Busting
The trouble with going back to an explorer is they will only be...
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