Hey mate, they actually have 3,36mil in the kitty. The 1.76mil was an extra contribution. They also have about 2.8mil in the money oppies which are being excercised by weekly at the rate of about 100k atm each run. Money wise, we are sweet.
In terms of drilling new holes, they are very expensive because of the depth we are drilling. Fortunatly because of the region we are in (Moab) drill rigs are abundant there, so drilling contracts are snipped up cheaper then the norm.
AGM Questions for Management, page-27
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