$6m mcap,18m acres,results soon,direc buyin , page-9

I rang the company last week and was told that they will be drilling in 3rd or 4th qtr this year. The guy also said that they have $1.5m in cash left (assume to be used for drilling). The funds being raised have been effectively already spent on preparation to drill as per recent announcements.

Cash position is a bit of a worry, otherwise, early success on drilling will provide more encouragement.