CLZ 0.00% 0.1¢ classic minerals ltd

Ann: Appendix 3B, page-4

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  1. 357 Posts.
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    NF, are you talking about the Exploration Incentive Scheme (EIS)?

    They're not listed as a successful applicant on the EIS website for 2017 or 2018 - so I'd be surprised if they are getting anything back! It's generally capped at $150k too so a +$1m figure would be most unlikely.

    With 2.4 BILLION shares on issue now, and a likely cash raise again at some stage in the near term, I just cant see this moving any further north than 0.5c for a LONG time! They'd need to put out a JORC compliant reserve of +500,000 oz to get this to move - and that ain't going to happen without a LOT more funds for drilling required.
 
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