with the amount of drilling they are pumping out they will need...

with the amount of drilling they are pumping out they will need to a fund raising sometime this year - but as you said it shouldn't dilute the share price too much as they only have 19m shares on issue

I would be expecting a reasonably big resource upgrade this year considering they will doing alot of RC drilling on their existing north monger ground plus exploratory on the new leases they just picked up at north monger...at they very least they willl be putting more of the resource into the indicated category

If the share price can get above 26c initially then above 32c it will be away as there has been a bit of resistance around those levels in the past