Post by
Oregonduck on Mar 30, 2022 10:48am
Financing ??
The Co has stated that they need to raise "non flow through" financing or JV...The min price for private placement is 5 cents under TSXV policy. Cash on hand is $1 million and chuck had carried the Co to the tune of $1.1 million in payables owing as of statement date.
Comment by
carter2 on Mar 30, 2022 1:11pm
i beleive Chad said cash on hand will cover drill cost, as propertey is so accessible.
Comment by
coolshivers on Mar 30, 2022 2:11pm
Couple of holes is all its going to take.
Comment by
pennymaker69 on Mar 30, 2022 6:41pm
They have a bit more. As they did sell off some private shares. They barley have enough to drill but I think they might raise more funds to drill more. Really depends on the value of those private shares.