Yep, those figures demonstrate to me that raising required funds has never been a problem for the company! - And that not too many companies dedicated to 'exploring/developing a mine' actually make a profit until production commences.
And with only 136 mill shares on issue, a jorc compliant resource bank of 1 million tons of copper metal in the ground up at Rocklands and with a large amount of the resource classified as measured and indicated - and with prospectivity for much more (according to both the company and the independant consultants), - and with practically all of the hard work done in preparation for government approvals, the company is well placed to establish a new major mine for the region.
Am I on the right track?
Cheers Nev
CDU Price at posting:
$2.07 Sentiment: LT Buy Disclosure: Held