They are still in quite a strong cash position. If much of the drilling cost is taken in shares then this position could stay strong for some time yet. It would be good to get some more strong drill results and an upgrade of the maiden resource before the next cap raising. Depending on those results and upgrade I would like to think that the share price might be up around or above 50c which seems to be a fairly strong support level and a level where cap raising has occurred in the past.
BRB Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held