RE: Next Week9 Jun 2018 14:48
1 of 3 scenario could be that after results of all these drill holes
1. A potential buyer appears... could this prevent raising more cash
2. A potential buyer appears... but a small amount of cash is need leading up to buy out
3. DF wants to continue to drill elsewhere.. DF said 'M2-034 is the most northerly drill hole to date, 1,690 metres from M2-041 and providing further indication of the potential size of the M2 prospect' therefore need to raise for cash for this.
This is how I view it (maybe a bit simplistic)
Our mountain has been drilled a lot, we know where a lot of the copper is... but will DF want to drill and find every piece of copper in he ground before he is willing to sell?
Be interested in all your views on this?