Funds, page-2

Hi Cash Hound ... My post from 3rd July copy / pasted again here ...

Red Metal would have approx $2 million in the bank at the moment ...
That would be approx 12 month's worth at current levels of activity which is that very little drilling happens ..
We only drilled 2 of the three planned holes at Lawn Hill in this last year ... or am I wrong?
Maronan needs more deep drilling ..very expensive
plus ... plus ... plus
I expect that without anything marvellous happening we will have a capital raise in a few months
Don't forget that our executive group would be chafing at the bit to get out there and find the big one for us all which means that we will just have to find the money for them.
Fiddling about with old surveys to identify targets may not cost a lot, but we eventually have to do the drilling to see what is actually down there.
A one-for-ten to raise $2.5 mill?
What do others think?
D