Agree $170k is small change in this business.This is purely survival money which imo is what the last two cap raises have been .
If S32 do run for cover $170k will not fund a decent drilling campaign even if they do eventually secure the permit to do so. Many junior explorers are in the same boat ( great discovery with huge potential upside ) (downside no money to drill with the risk of scuttling the company if they dust ). So only two options are on the table imo allow a takeover or jump into bed with a sugar daddy. THE BUZZARDS ARE STILL CIRCLING
Ann: Placement, page-27
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