We need some news to push this higher.
Drilling is expected to commence this quarter right? It would be nice for them to announce some kind of drilling schedule. In the current market I'd say that'd push it into the 50-60 cent range.
I can also see a capital raising coming soon with less then 2.5M in the bank. Hopefully they wait till after a successful drilling campaign so the raising is done at a higher level though.
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