They are a long way from revenue. Do you realize how much drilling it takes to prove out an economical ore body? A long time and lots of money. They will only bank money by selling a project to a bigger cat. They just started drilling. And no guarantee of hitting any economical ore body.
Be prepared for another long haul. But at least they are moving forward.
Revenue?? LOL! Since when do explorers generate revenue? You're as bereft of understanding of the exploration business as that touchy freak. Take a look at New Found Gold as an example. Purely an explorer, not even a feasibility study, but a great project. The only cash they get is through selling their shares to the likes of Sprott and all the cash they raise goes in to the ground with drilling. Their shares trade at four bucks and the company is worth $800 million. No revenue... Clowns who wouldn't recognize a drill rig if it ran them over in the bush....
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