need to raise cash in new year?
I think EAG have around $7mil in the bank at the moment. The drilling program for the next 3 months will cost $5mil, then we have to pay for the 43-101, drill results and any other bits and bobs. That suggests to me that EAG will need to raise some cash early in the next year.
I guess they will wait for the 43-101 to be published and maybe do a private placing. Alternatively SA could exercise it's warrants (but that won't leave them with much cash). Dundee might stump up some new capital.
I'm sure they have something up their sleeve already and have already considered this problem.