RE:Burning cash like there’s no tomorrow Goldenhope wrote: Lucky they found a miserable half meter 500 meters underground
very expensive exploration and mining
they're burning cash like there's no tomorrow
i suppose they had to announce this in preparation for the capital raise
share dilution here we come
time to sell the news IMO
good luck
"50,000m drilling is a small program" if this is small, the same applies for GGM 120,000m drilling still without a FS nor ROLLING STALL.
BS baffles brains. 2H21 to expand drill program = PUMP & DUMP + MORE DILUTION
Infered resources of 7Moz. @ 250oz/t without a FS = not impressive even with the gold.
That could be a problem for new CCW shareholders. Just like those with Granada's fully permitted failed ROLLING STALL. It announced a Feasibility Study that was never published with all the gold and nugget effect in the ground. Like GGM, CCW only has a small non economical infered resource. NO revenues from LLT and the 1000oz Ag Dore Bars and the Re2OX propriatary process.AND NO NEW POST COVID HIGHS!!!