Hi StealthGiven that the SP is ordinary at the present the...

Hi Stealth
Given that the SP is ordinary at the present the thought of a cap. raise at the present time would be highly dilutionary to current SH.
With a market Cap. of approx. $60m.The need for capital to become a producer is probably another $60m.
To raise that amount Ian has a few options.
1. Cap. Raise.
2. Hedge production.
3. Take on big brother.
Or a combination of the above.
Given that a lot of effort has gone into infil drilling this year confirming up the JORC. I would presume at this stage hedging is the preferred option.
In this financial climate, it would be a challenging task to raise the necessary capital to get into production.
There are a couple of big brothers just to the south of the tenement.
Is Ian able to shed any light on this issue for the benefit of SH?
Thanking you for the opportunity.
Cheers
Mickph