IMO either way it is good thing to move forward... obtain more...

IMO either way it is good thing to move forward... obtain more cash to explore Singida

I have through all report and presentation. here is update to this stage.
I must of admire TRL fund management. Always keep it minimum, so thumb up to them, saving in this economic stage is REVENUE.

Exploration cost ~ 200K max (which they've done previously with Singida first strike and soil sample )
Cash on hand ~ 120K including (March quater so far ~2mil has been exercised which give 100k )
Burn per quater ~ 200K

First Scanario
If we could get to around 6-10Mil oppies exercised, this will push TRL into explorer for another 2 quarters

Second Scanario CR
TRL can issue 10-20Mil more share, which is around 3-6% dilution at this stage. NOT MUCH AT ALL

IMO it is not so bad at all.
3-6% spending to get another strike like the first.... this could drive sp to... you know it.
Then they will get all 40Mil exercised for further exploration.
Unless we miss it. Well you have to gamble in this case.
But with 777 soil samples, they have on hand i think TRL have something under their sleeve already.
They know where to dig for next strike!!!

GLTA ... TRL believer