They are good at issuing million of shares
for projects and now over 1billion RMR for greenfields.
271sqkm in Fraser Range
issue 1210,000,000 rmr for 80%
and then pay $440k for the remaining 20%.
Just for comparison.
ATN announcement today.
290sqkm in similar area.
Issue 5milliom ATN and $20k
Spend $100k on exploration and issue 25million ATN
for 50%
Spend $0.5m on exploration and then pay further
$450k in cash and shares to get to 85%.
Nothing like issueing free shares to be dumped for
whatever they could be sold for.
Over$5m v about $0.6m for greefields close to SIR,
not including exploration.dyor.
Both at .004 atm.
Hold neither.
They are good at issuing million of shares for projects and now...
Add to My Watchlist
What is My Watchlist?