So my back of the envelope calculations.
$3.9m in bank end Dec 2018.
Anticipated spend to end March 2019 - $1.1m = $2.8m in bank.
20,000m RC drill program starting April 2019 - what does this cost? At say $120 per metre that's about $2.4m. Results from say June. There will have to be a cap raising prior to that in my opinion.
Ann: Antipa to Commence Major Greenfields Exploration Programme, page-2
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