At 10 cents, the company is valued at 7.8 mill with over 4 million cash left in the kitty. Around 35% of shares remain escrowed until late next year, so the free float is not big at all, around 51 million.
We are awaiting assays from the 4 diamond drill holes from Hellcat (base metals), and they have also recently done a downhole EM survey of those holes.
The Manganese drilling at Weelarrana has been delayed, but expecting an announcement for commencement this month.
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