RE:RE:Don't You Just Love A Mysterypvandeloo wrote: He still has money so why not drill more.....
You missed the point.
REX has been very careful and frugal, up to now, during a period where they had multiple, obvious drill locations at Boleras. Now, they are going to double down on the burn rate, with very few
disclosed, obvious targets to drill.
Why is this? I expect an announcement of initial earn-in, any day now. At that point, they need to make an election on whether to continue to increase their % ownership to 65%. That decision has a cash/share component, as well as a further exploration spending commitment. REX is already WAY ahead on the time curve for earn-in and could stretch this out for years, if they wanted to.
But I sense that Cope has decided to go "all in".