aqr turns a 3 year chart around in 1 week, page-31

fluffynymph...

They havemore than enough to fund the proposed program...only 5,000m initialy, at say $150/m including remobilisato/set, etc...$750,000 should easily do it.

In contrast to many pump and dumps for corporate reasons, this one seems to be the real deal...as such they will likely look to retaining vaue for themselves, as shareholders, rather than diluting as most would.

Look to their numerous comments in various market updates throught the year, regarding their frugal use of funds due to the GFC...then look to today's announcement re extra drill rigs this month.

This sort of expenditure commmitment is somewhat out of character for them...you could even say "unusual"...just like the drill core.

With 30m options expiring at the end of the month, the vast majority of which are held by management, directors and key "supporters", and given their essentially careful use of funds and subsequent nursing of the register to date, I cannot see an argument for them going the placement path when they are so close to raising the funds organically.

Given how much news is to come...several lots of assays, possibly including Au (fire assay takes longer than standard digest)...and maybe other elelements...and likelihood management will do everything in their power to talk this up, I find it hard to believe they cannot get this thing to 40c or so by the en of the month...if not much higher.

Further, no good simply selling out at 30c...to convert 30c options...they will want to book some form of profit in the process, which means gettting this thing to 40c or so, with daily volumes not ulike recent days.

If they do follow this path...it will be the best outcome for everyone, which is why I think it will happen.

I must say though...in focussing on the corporate incentive here, we may be doing the discovery a injustice...by all accounts, they really do seem to be on to something special here.

Cheers!