Just beneath that figure in the q report the is a note about...

Just beneath that figure in the q report the is a note about reimbursements from the Vic Gov$153k this year. Yes I know it is not much in comparison but with what they are spending on exploration I expect that figure to rise.
It will not stop a cr soon but there are more factors I consider.
The increase in gold per share metric is important for valuation now and going forward.
I have not done this in detail but it is obvious that the money spent is finding the goods.
If they continue finding gold ( and spending to find it ) at this rate then cr is inevitable for any explorer and they are finding it.
Resolute Load is a potential open pit with underground and East flank could prove to be another pit.
If they can duplicate those hits of 18.7M @ 7.1 g/t we will soon find out how rich this project is.
Keep in mind that Resolute is open at depth and could be better with depth, it is also open north south by memory.
A junior explorer with an mc 6m finding good amounts of gold is obviously going to need funds.
With the mc at this value and the gp increasing I can not see them having any problems raising them.
I will participate in any cr at these cheap values and look forward to more exploration success.
A cr for a good amount of working capital will serve this project well.
All imho.
Oh and don't forget about Tandarra.
W