Ann: Updated Resource with Substantial Indicated Classification, page-33

This is an interesting point. Been doing a bit of research this morning.

I think the resource looks good. But it seems like they are aiming to raise $35m which over doubles SOI. Depending on discount for the CR that could leave a fair amount of overhang. It would be much more favourable if they could release the updated SS before locking in a price for the raise but that seems unlikely.

Seems like a stock to keep an eye on but for me I think I will wait for the wash up of the raise to pay for option exercise over the project. Particularly given the time of year it is too.