EXPLORATION & DEVELOPMENT

Funding next on agenda for cash-strapped Stavely

WITH only about A$1 million in treasury, the superb copper drill hit made by Stavely Minerals couldn’t have been better timed, with the next question being just how much cash the company should look to raise as brokers beat a path to managing director Chris Cairns’ door.

rokers will be beating a path to Stavely’s door following superb drill success.

rokers will be beating a path to Stavely’s door following superb drill success.

In late trade today Stavely's shares were up more than 260%, giving the company plenty of room to undertake what will likely be a substantial fund raising.   With exploration risk being as it is, it's...

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