Ann: Trading Halt , page-9

cabbie - The POINT I was responding to was made by the Poster who asked
"what they got in mind for that money ????"

The spending, according to IDC's report, was as per my post and if IDC's report is correct, as one would assume, the post is SPOT ON. Do you have another set of figures, if so please share?...

Proceeds from the Capital Raising will be indicatively applied as follows:

•$10 million - Adit development and drilling programme (~10,000 metres) from underground and associated costs including assaying

•$3.5 million - Completion of a Feasibility and Environmental Study and associated work

•$2 million – Establish road access to project

•$1.5 million – Completion of a Landowner Investigation Report

•$9.3 million - Administration & Working Capital, including:
-Camp & site costs, Transport and Logistical support
-Costs of the Capital Raising
,
Total Use of Proceeds: $26.3m