Using FARs figures of A$38.5m cash balance at 30/9/2019 less a projected spend of $A20m this quarter.
This leaves FAR with A$18m at 31/12/2019. A rough estimate would put them at about A$30m as at today.
With explorations drills at Gambia, Guinea Bissau, FAN and Spica all penciled in for the next 12-18 months funding just one 0f those drills, even after farming some of them (probably only Gambia) out, is impossible based on the cash balance.
Hopefully SNE/PE is sorted before the next cap raise to fund exploration and corporate.
A cap raise for exploration activities at the current shareprice is simply unpalatable although the market may be expecting it.
