RE:RE:RE:RE:RE:RE:RE:RE:RE:New Spin on Drill ResultsEndZonefor7 wrote: Your CEO said in a recent interview he will take cash if he is offered it.
... plus more drilling costs which must be sky high.
Opportunistically, not out of necessity.
He also mentioned that where the money comes from is important. It took nearly a year for the shares issued from that private placement to settle down, and there was a lot of selling pressure throughout 2021 becauase of it.
Baptiste is fully drilled. Van has another modest ~$2M / ~10 hole program planned for this summer, similar to last year. Drilling costs won't be that high for FPX, as they've been plugging holes in it for well over a decade now, and the property backstopping the PFS is a fully known ore body.