"rear earths" Yes I have had plenty of "rear earth" from the...

"rear earths" Yes I have had plenty of "rear earth" from the former company over the years!

But seriously... their other project is Zinc in the Yukon, has had an active exploration licence for a few years but they have done nothing with it despite having another hot prospect ready for drilling. The sheep don't like helicopters apparently and they drop lambs all over the place and it's a total bloodbath.

As he says the board is not really interested in the Yukon so 'old' shareholders can kiss $50m goodbye in favour of the "homecoming project". I reckon the Yukon will shortly be kicked into an 'opaque ownership" structure at a low cost to the new owners.

As for drilling costs... I thought RC was closer to $100 than $200, but then I have read articles about new drilling tech like the coil rigs that lower that even more. But I have never managed to speak to the new CEO.

From what I could tell in the interview it sounded like they did not need such a massive placement (dilution) for the full $2m at the lows but decided to get some extra cash (dilute the oldies?) That would imply either a cheap cost per meter and the program is fully funded or whilst they are planning 25k , they will be breaking it up with the initial program and (formerly?) mentioned subsequent round later in the year. But I don't really know. I am still on the outside as I resisted ocular sheep's wool. Damn sheep. Nothing but one problem after another.