information request., page-3

Hello Italo, please refer to the first page of the press release. In the second paragraph it states: "Once the necessary permits and independent sources of funds have been secured, the Company plans to drill test the targets that have been defined." To me this indicates the available A$3.5 million is cash are fully allocated to Gorno. Management is probably looking to JV the Punta Corna project. With respect to available funds, it should suffice to cover at least 6 months of drilling. Given they will soon have 3 rigs it should give much opportunity to add to resources and get the share price up before the next placement.