RE:RE:RE:VRIC- booth 2022They implied in their recent news that their exploration plans for this summer will only consist of non-drilling activities. Or at least that is how I read it. Part of that could be do to the limiited season for ground exploration on the new properties - they wouldn't have time to sample, analyze and drill in one season. I suspect the decision not to raise funding now is that they will be able to use the $700K or so for what they plan for this year. I think the current share price is therefore based on lowered expectations for this year and no work planned at Forrest Kerr.
I agree with the other poster who said that a JV with another explorer at Forrest Kerr will be needed. I suspect we will be hearing about a JV for Justin soon, but not sure about Forrest Kerr. They would have to do a large fund raise to get back to it however, and I'm not sure that will ever happen without a JV.