I think the extra $10m will be to provide exploration funds for the what is now a really massive land hiding with a lot of new "drill ready" targets.
If the gold mine works and produces well and gold stays at current levels then there is every reason to think that RNI wont need to do an equity raising ever again.
Personally I think RNI have pulled a rabbit out of a hat on this one. And let's see who shows up on the register with the 20-30m placement.
Exciting times ahead and we are still waiting for further results from the doolgunna drilling where they hit 0.4% copper and also the three rivers geochem work should be ready soon too.
These guys have gone from a small but well located prospect to being the dominant explorer/landholder in the doolgunna area in a little over a year.
Well done RNI team.
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