If you two had attended to detail, you would have noted that they said the issue was done at a price of 0.08 CENTS per share which is CORRECT. Nowhere do they mention they issued at 0.08 DOLLARS or $0.08.
Anyways, the grade is interesting but width is non-existent. The mineralisation looks more along dip than strike, indicating a deeper operation; which isn't necessarily bad but at current widths may be difficult to justify. With no cash and only a 270k cap raising it will have cash for one more quarter at most - particularly as about 175k of that cap raising would go towards "administration", i.e. management wallets.
Still at $0.001 price, it could be worth a small punt.
Ann: Capital Raising, page-5
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