Exciting time’s for OlivutI think this is very positive it has been a long time comming they havent raised this kind of money in a very long time ! compared to other mining companies they will still have a low amount of shares outstanding even if this get diluted to 100 million shares its still low compared to most junior miners ! I have been invested in Olivut so long this could finially be a turning point :-) I would say they are spending 800000 on Horton and 800000 on Hoam that’s what it looks like to me 200000 for the payment to Talmora and 600000 for the first years spending requirements ! Then the other 800000 for Hoam helimag ! Then they will raise the other 600000 for Horton at a later date and the rest of the money needed to drill Hoam I might just buy some more shares on this news and add to my already large position
everyone have an awesome weekend and summer and let’s hope they get things done
Diamondfinder