RE: Market sensing a placing coming?13 Feb 2025 18:17
The drill cost is funded by riversgold as they need to complete their commitment of financials by end of May to keep the farm in agreement on track,
These drill results should enable a maiden resource estimate and a capital value for the JV that will be formed.
The likely hood is oracle will own 20% of a c£1BN estimated resource . If they give away even 10% of the asset in project funding the market cap should be 50x this level