They need to find something with the further drilling otherwise there will not be enough scale to drive the price higher. In the absense of finding that down faulted extension, given the dilution effect of further share issues to get the project funded, 330,000 oz resource is too small to attract wider interest.
Of interest though is that directors are seeking the right from shareholders at the general meeting announced today to participate in the 50 million share issue now on foot.
I wonder whether they got any clues as to the presence of the down faulted extension when they attempted to drill it about a year ago and their equipment "failed". Am I being too suspicious?
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