They've $400k odd and expect to spend $200k odd this quarter. In addition they are up for $1million a throw if they want to continue with the tenements after due diligence, but they can kick that can down the road out past 60 days. But something has to get rolling imminently.
If they want some favourable price for the next CR they are going to have to get cracking with an almighty pump soon.
A couple of potential catalysts:
Cobalt price moves up (in process)
Cobalt extensions that extend into adjacent blocks are terrific and are added as desired to the package of tenements
Remaining met work comes back epic
Exploration on the southern area has some good hits
MC is extremely low and I'm a fan of the tenements and always have been. Cash is a problem but with a cobalt price on the potential rise into next year and the ability to shut up and get busy with shallow mining. It's compelling for me to add.
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