NMR native mineral resources holdings limited

Ann: Drilling has commenced at the Maneater Hill Breccia, page-4

  1. 12,462 Posts.
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    How do they have the cash to drill this?

    The last quarterly report indicated that their spending in the September quarter would be around $1.3m and that at the end of June they only had $449k in the bank. They had indicated that they would do a raising of $2m however that fell flat.

    From the funds raised plus cash in bank it would appear that they should be down to about $0 in the bank by now.
 
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