News: AusQuest expands Fraser Range nickel-copper footprint, page-9

AQD has $1M in the bank now this wont last them long but also unless there is a desperate need for cash then they dont need money straight away so need to see which projects will requre what spending

West African Gold is funded by farmout so that leaves Fraser Range and Peru Copper

Fraser Range work is securing permits and doing inexpensive surveys and sampling so I dont see a huge cash requirement here

Peru Copper Porphyry drilling will probably cost a bit and so this is where they will need cash for drilling BUT AQD have said in their qtrly that they are in confidential discussions over a farmout of Peru Copper projects

"Confidentiality agreements have been signed with a number of parties who have expressed interest in the projects,
and site visits organised. The Company’s preference is to attract a suitable partner to help fund the upcoming drilling and future work at these prospects."

I think if/when AQD finalise a farm out for Peru is when you will see the stock take off as then funding is sorted for the high impact drilling