how much cash do we really have, page-3

Hi Stu

The post from bingdc where he said
"""My source at bells says that company has about 2 mil after all expenses and is looking to a cr of 4 mil (which would be only 10% dilution or there abouts)"""

...really has me very concerned about the cash position when they release their Q Report.

The costs associated with the latest round of drilling and expenses ma\kes me wonder how on the ball Bells are.
If indeed they are correct, then a fair price for NEN would be somewhere aroud 1 to 1.5 cents max i think.