If the bulk of the oppies expire worthless, Kev will live to fight another day in my opinion.
As richconn has stated, they have enough cash to drill enough holes to prove a resource in their prospective IO business. Diamond exploration may have to take a seat a bit further back, but at the end of the day, there may be less dilution when further cash is raised, as this may happen in more favourable times.
For the long term holder this is not something to soil your undies over.
The basic elements to a significant chance of success for development of a iron ore mining company remain:
Potential for a lot of DSO hematite
Company has already built the most expensive infrastructure nearby
Favourable relationship with that company likely.
If the bulk of the oppies expire worthless, Kev will live to...
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