I think the figures given are indicative. They may pursue a higher-value for the IPO. That would mean they could generate more than CAD $5M via the IPO. They are well aware of the higher valuations of Canadian peers.
CAD $5M plus would go a long towards further exploration. It's been explained to me that exploration spend on Thompson Bros to date has been minimal. The earn-in for 80% is CAD $1.5M. Apparently that's been spent and it will be achieved once exploration reports are processed by the Manitoba Mines Branch. Hopefully that can happen around the time of the IPO or soon after. There has been a backlog because some geos in the Mines Branch retired.
I think the figures given are indicative. They may pursue a...
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24.5¢ |
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Mkt cap ! $38.96M | |||
| Open | High | Low | Value | Volume |
| 24.5¢ | 24.5¢ | 22.5¢ | $57.69K | 245.7K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 63405 | 23.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.5¢ | 49999 | 1 |
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