They all raise before they drill? 4CE, AVZ and so on. The question is do they run their funds down too low and hit nothing and find themselves diluting shareholders sub 1 cent?
If you look at
@fooca table you would hardly say they have raised more than they need....IMO it was sensible when drilling with no prior mining in complete greenfields regardless of the amount and quality of the assays.
Hopefully we hit some decent intercepts then they can raise again at a much higher sp and get a JORC.....seem like a sound plan to me. AIMO DB