They have only budgeted 7 million for exploration in 2018. Think they need to focus on generating positive cash flow. They do have a loan facility of 232 million remaining which could be used to purchase a bargain priced and producing cash flow positive asset. Think the exploration days are over for a while. They only have 13 million cash on hand + the loan facility mentioned above. Rob.
Waitsia Phase 2 Cost, page-11
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