RE:RE:some dudes still selling at .12Personally, although I'd obviously prefer to see a hit with #3 & #4, I wouldn't be overly concerned if they missed. The initial holes were really testing their geological stucture theories, which have played out to a large degree thus far, other than actually demonstrating an actual hit on a deposit.
Much more important will be the deeper holes to follow, which will bring us much closer to "make or break" time.
As per their news release: "
Completing the financing was critical as it allows NuLegacy to start contracting for the much bigger and more expensive deep drilling rigs and the superior drillers needed that will soon be in short supply as the contracting season for Nevada’s 2021 drilling season is underway…and that’s not like texting for an Uber. This financing will enable us to accelerate the expanded Spring/Summer 2021 drilling program . . .
The net proceeds of the Offering will be used to carry out an expanded exploration program on the Rift Anticline beyond the 12 core holes currently planned for the Spring-Summer 2021 drilling program