they have enough cash until mid 2010 for all drilling activities 09, the resource upgrade this year and next, a new scoping study and getting started on PFS.
if the shareprice isn't higher with all this they might as well mothball the deposit as no one else will be developing any mines.
i would rather see a kitty with $15m at this point so they can accelerate other Ngalia regional drilling on 100% ground but they will get through this year comfortably.
capital raising likely, page-2
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Last
10.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.46M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 394 | 9.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 9099 | 1 |
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| Last trade - 16.12pm 29/11/2024 (20 minute delay) ? |
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