I would agree that a bank balance of 40k isn't an ideal balance.
We should CAP raise, however timing is important here. It would be a better move to do this after a major milestone has been reached. IE release assay technique results / confirmation of further drill holes / get mining / exploration licenses in place to help the share price upward before another cap raise.
The preference is to avoid unnecessary dilution.
Our management team know this. However sometimes cannot control it.
We will see how we go