The stock is definitely testing our patience. I would suggest...

The stock is definitely testing our patience. I would suggest some people are willing to take a loss and invest elsewhere, and that is what is driving the price down. Management were putting $326K of their own money into the SPP so they clearly aren’t “taking their money and running” just yet.

Spend for the company in Q3 was $2.3m and Q4 was $2.8m, with $4.2m cash left. Take $2.8m out for Q1 and add $11m from Capital raise, leaving $12.4m or just over a year @ a $2.8m quarterly run rate.

So given what Shane said about looking to improve quality of the project rather than scale (other than to trying to double the resource through targeted drilling) we should be hoping for an increase in MRE before they come back to the market for more money?? I expect we should also have some further data on the feasibility of the ore sorting to increase the resource even further? It is clearly a waiting game right now.

I also believe anything spent on projects other than Earaheedy right now is diluting value even further.