HVY 0.00% 12.0¢ heavy minerals limited

Ann: Drilling Completed at Port Gregory - Further Update, page-23

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  1. 172 Posts.
    lightbulb Created with Sketch. 9
    Anyone know a rough cost for the drilling?

    Cash reserves as of end of last quarter was $1.9m.
    - staff costs = 270k approx?
    - lab analyse cost? = maybe 25k?
    - excavation costs

    More and more I look at the balance sheet I think we will have to do a cap raise after any positive results released. (Should be any day)

    Unless excavation costs were paid via shares/options but I couldn't find a reference of that anywhere.

    If the selling does not recover we'll be looking at 8-9c cap raise. Whats everyone think?


    Held/Hold
    Last edited by sumawrestler02: 18/01/23
 
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