They are funding 250k of further exploration before they are awarded any equity. So effectively free money to validate what is or isn't there. How are you disappointed with that?
I'd prefer they drill and hit something rather than drill for the sake of it whilst burning sparse cash.
The SP will take care of itself. At least we might get a bit of cross promotion with the tie up with another ASX listed company. Did anyone notice their CEO was formerly the CFO at BHP for 4 years. Coincidence perhaps but aren't they our neighbough?
Good news i reckon, look forward to the Dr's full report.
Ann: Inca Signs Exclusive Earn-in Option with South32, page-16
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