"Spending is expected to remain largely consistent during the next quarter. A lower corporate spend is expectedand should offset an increased in exploration and project activities as we progress our metallurgical pathway."
Last quarter they spent $1.4 Mill and the balance was $3.7 Mill. At that rate they will be down to $2.3 Mill end of march quarter. The share price could go down between now and then (admittedly also go up), so I would be conservative and raise capital sooner than later.
Number 1 on the Podium - Find me a cheaper Precious Metals play, page-1222
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