So the quarterly is out and 1.12 quarters is the answer for item 8.7, being the available forward quarters of funding, based on spend for previous quarter. ICG have answered item 8.8.1 with lower spend expected in March quarter [almost 1 month elapsed already] and no CR plans for item 8.8.2. One would hope the pending CR posters would read and understand this before they post CR doom and gloom. [note already started]
Anyway, am surprised that cutting and logging of Frewena Reconnaissance was not completed last quarter and perhaps it should have been made clear in the Nov 9 announcement that the field trip to JE and Mac Creek has interrupted the cutting and logging instead of leaving some posters - me included - into thinking the process had been completed. Taking advantage of the weather conditions for field trips is logical [but clarifying it so keeps shareholders better informed]
sp is trading higher than the 2.1 low from Dec 22 - and with more assays expected in "the coming weeks" To me, "in the coming weeks" does not mean next week or the week after that. Up to 10 months after drilling seems a long time to wait for assays - if BOD stated that it is very cost effective to store/log/cut the cores ourselves, rather than paying another party to do it, then that would have been nice.
Does anyone know how much more ICG are required to spend/do - to complete the earn in for the Frewena's?
ICG Price at posting:
2.3¢ Sentiment: None Disclosure: Held
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