Totally agree. I just hope continued exploration there in the...

Totally agree. I just hope continued exploration there in the imminent future doesn't mean they have to keep going with CRs of 50m @ 5c for $2.5M before costs.

If, on the other hand they can progress Mulga Rock (and conserve cash) in the next 12 months, without raising at these low prices then that, in my opinion, would be more prudent.

Having said that if they can conserve cash, keep the lights on at VMY HQ, and NOT raise again for another 9 to 12 months then thats fine by me. 

Just saying CRs at this price can be counter productive. But you're totally right, IF they find 100m lbs in the NT between now and the time the market picks up then we could be the darling of the market. Lots hinges on "if they can find stuff without having to continue raising" - at these prices.

Go VIMY.