RC is typically $100- $150 p/m... so assume $125 p/m including fuel mob/demob... add assay costs of $50 per sample, probably looking at $800,000 all up i think...
$3.25m at end of last quartery, less $250k overheads, less call it $1m all up exploration (to allow for regional soils and other work), you are left with $2.0m by the end of December...
still plenty left in the tank... and certainly enough time to report the next set of results...
combine that with what the other poster who recently said they spoke to the MD who said they were not contemplating a CR.... i think we are fine...
Probably a broker doing some early work to get in for a raise that no doubt will come, but just not in the immediate term.
Boy
Ann: Investor Presentation - Lithium Discovery, page-88
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