I came here looking for a decent lithium explorer with some good ground:
source
but what I found was gold...
source
That was in February - 2 days ago we got this:
So the Pybar deal gives Exterra a fully self-funded goldmine... and I just came for the lithium!
Plus, Exterra just did a successful cash raise...
source
So looking above cash wise, they had 364k end of last year, they just raised another 500k, plus Pybar is going to advance them another 250k - so they're going to have over a mill in the bank - so plenty of cash as they wait for the gold to hit the market... and start getting lithium test results for the pre-done cores from the previous mine. source
Plus, with dilution and oppies... we're looking at a max of 250m shares, from a company with an income stream about to start up. It's just possible we may not get much more dilution, or very minimal at least - it's not like their going to be desperate for cash.
All in all, this is looks a sweet deal...
