New press release - Private placement now 3.5 millionHow quickly things change! "Due to strong institutional demand" the private placement has been bumped up to 3.5 million (35 million new shares! 52.5 million fully diluted).
New 10,000 metre drill programme to commence on the SPJ property by the end of this month (the press release does not say where). The new Scadding IP survey will not be available for another month or two so it may not be Scadding.
If management is refocusing on the rest of the property that is a good thing in my eyes. If they find evidence of a large, mineralized IOCG system on the property BMK will be bought up in a heartbeat.