The quarterly showed $2m, this does not include any of the diamond drilling, RC drilling, survery's and lab costs etc
The diamond drilling alone will cost $600k-$700k. RC drilling might be ~$300k (some can correct me if i am wrong), surveys/fieldwork and lab costs ~$150k. Therefore you have costs of at least $1m in April/May. Plus add the staff costs and anything else and the company will have less than $1m before this quarter ends.
I wonder when will they pull the trigger for a CR. They might wait until the RC drilling is done??
