RE:RE:RE:RE:RE:RE:RE:RE:RE:Serious Q: re: LVN's latest $40mil fund raise......Thank you both, gheetsmith and thomsoni for your illuminating replies to my Q. Appreciate it.
Do either of you have any idea how many items on the "purpose" list were actually funded and completed?
It would appear to me that
not many if any were tackled and completed.
Is this correct conclusion to draw at this time since the $1.95 fund rase has largely sat "unspent" in the bank? thomsoni wrote: Principal Purpose Approximate Amount
Phase 4 Cordero Exploration
Geophysics (deep 3D, IP, TEM) ....................................................$450,000
Geochemistry (soils, rock chips) ..................................................$250,000
Geology (geological mapping and targeting) ............................$325,000
Technical supervision..................................................................... $225,000
Drilling (delineation & exploration drilling)......... $22,650,000
Engineering (resource updates by IMC)...........................................$250,000
Engineering (M3 archaoelogy, water welling drilling to
characterize the acquifer, archaeology/environmental, Phase
2 metallurgical testing recommendations for prefeasibility
study design)......................................................................................$850,000
Phase 4 Exploration Total: $25,000,000
Working capital $12,761,500
..............................................................................Total: $37,761,500
TD