RE:Another very narrow trading range this week for Tocvan.I expect much more cash needed to explore, extend, drill, reaching permits, etc.
Other companies often need millions per year only for drilling. Karora, for example, invests about 20-25 Mio. p.a. only in exploration issues.
How will Brodie pay all this several mentioned activities with some hundred-thousand dollars?? Minimum 5-10 Mio he will need to raise in 2024, which will dilute minimum up to 50%.
So I expect till summer 2024 60 Mio shares and a stable shareprice.
Only real catalysator would be a remarkable ressource estimation( during 2024), mining permission( end 2024/early 2025) and super drilling hits.
We need a lot of pation, good gold market and some luck. I will stay as long everything lines up fine.