I don't think you understood my answer.
FCC:V is ~$C110m market cap. About a quarter of this is held as CDI's on the ASX.
According to FCC's 30 June Quarterly, it then held $C19.8m in cash.
https://www.firstcobalt.com/_resources/financials/FS-Q2-2018.pdf
$C9m of the cash is committed to FCC's aggressive drilling of Iron Creek, correctly seeking to define the resource. A further two drill rigs have since been added to accelerate exploration.
Ash
I don't think you understood my answer. FCC:V is ~$C110m market...
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