RE: gold-canyon-comments-on-recent-share-price-and Gold Canyon has cash reserves of more than (Cdn)$10 million, considered to be sufficient to fund current operations through the short to medium term without the immediate need to raise more capital.
This i liked most in the news release. There's no need to rush in raising money. Enough cash for the geotechnical drilling results, permitting of the road and powerline. A good PEA should deliver LOTS of upside potential, even without the rest of the market recovering. When the market recovers the game changes anyway and then it's time enough to raise money. And it should become easier, with so many companies gone.