Ann: Placement Completed & SPP Launch to Fund Immediate Drilling, page-19

I think the 800k will be wisely spent since its great dirt with a good story, the targets are well defined and its got some good looking structure. I myself am in this for Barlee but Reid well shows some great potential as well. If all turns out well further dilution and cap raising will be a thing of the past. the CEO is paid too much sure but I could say the same about every company I invest in. Importantly 80% expenditure on exploration is one of the best in the industry and as long as expo companies keep it above 70% Im interested in what their up to.