Some random enveloping..At a .003 raise price, 833,333,333...

Some random enveloping..

At a .003 raise price, 833,333,333 shares would have to be issued to raise $2.5 million.

One question would be if there will be any upturn in sentiment following the announcement for the start of drilling. One would think unlikely impact due to shear number of shares on issue and the sell side. Would need drilling numbers and analysis to try to get any real movement.

But consider if we did a 1-in-8 consolidation. Turning 2,341,797,777 shares into 292,724,722 total shares post-consolidation and a new price per share of 2.4 cents.

A raise post-consolidation of say 2 cents per share (more room to move away from near 0 as we are now) would require 125,000,000 new shares to be issued leaving a total of 417,724,722 shares on issue post consol and post raise.

Timing does matter but which would have an impact on any raise price post consol if they consolidate before the raise.