Does everyone keep forgetting about the 1.28 billion options exerciseable at 1c? That's 12.8 million to the kitty when these are exercised.
Hope Jeremy is doing some smooth talking in the background to some of the larger option holders to convert early. Could easily fund the company for an extended period without raising.
Alternatively a short term financing agreement (like LRS did following their initial hits) could be announced alleviating any CR fears once drilling starts. Need strong drilling results for this to be viable though of course.
Re rate happening, page-557
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