Ann: Glengarry and Centaurus to Merge , page-6

no, you are right on the capex Cabe (~U$1m i think). But just the costs of getting to that point in second half of next year, the studies, drilling etc and general running costs will be expensive. Their last qtly says they spend $992k last quarter. Which if they keep spending at that rate plus ramp up to production will see them out of cash Q1 next year......