RE: Warrants ExercisedSo they should have around $6 million in the bank. Should be plenty of complete the current drilling program.
This is from the March 17th NR:
The purpose of this program is to convert historical W-85 resourcesinto National Instrument (“NI”) 43-101-compliant reserves and provideenough samples to process the rock through the R-190 flowsheet, whichincludes dense media separation. The new drill program will consist ofapproximately 10 diamond drill holes totaling up to 1,307 meters. Thisdrill program will enable the W-85 deposit to be added to the currentmineral inventory, which is detailed below. Drilling is expected tocontinue through mid-July, 2011, and the results of this drillingprogram are expected to be published by year-end 2011. The Company hascontracted with ProCore Drilling of Hay River, Northwest Territories tocomplete the drill program.
So other than a huge financing release, I wouldn't expect a ton of earth shaking news for a while.
710, do you know anyone that works at ProCore ;-)
ALD