There are quite a lot of promotion in relation to the company successfully raising $1.25m.
As far as I can see this was completed last November:-
"The Company announced on 27 November 2013 a raising of $1,250,000 in equity capital via the issue of 35.7
million new ordinary shares to institutional investor at price of $0.035 per share (“Placement”) with 20 million
attaching unlisted options exercisable at $0.05 with a two year expiry from date of issue."
The December quarterly shows Cash at end of quarter (31 December 2013)of $816,000
Adminsitration costs for the December quarter were $114,000
Exploration and development costs werr $310,000
That is $423,000 net operating cashflows a quarter.
Without further capital raisings, loans or similar at the current cash burn rate of $423,000/quarter PRA is likely to have exhausted available cash before the end of June 2014.
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