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322 Posts.
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05/04/14
09:41
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Good question BB. It looks like the $8m raised will fund the drilling programme (7B, Ben Hur and Walford Creek) until the end of 2015.
I would hope that results during this time would lead to re-rating of AQR from junior explorer to a mid tier player with very strong copper assets.
Then if another raising becomes necessary, it would be from a considerably higher base SP.
My feeling at the moment is that existing SH have some short-term pain for significant long-term gain
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