Here we go!, page-18

Sure. But if there is no exploration success or no new inspiring project, the 1st trance will be all spent by the time they get the 2nd tranche. As for the $5.5m, they may never get it.

Imo, no point dreaming about a future that may never come.

For me, at least, I could be dead wrong, as I often am, LEG are an explorer with 0.75 cents in cash & assets, with a Fraser tenement, previously explored by Mark Creasy, 1/3 relinquished & 2/3 vended into LEG, valued at $10m.

$15m is generally the max without compelling results although occasionally, like ENT, they are pumped despite having nothing.

So $15m valuation for the old Creasy ground makes LEG worth 1.55 cents or so.

Regards