GBZ gbm resources limited

Ann: Quarterly Activities Report and Appendix 5B, page-8

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    Good pick up. If you take out the one-off payment for Twin Hills, cash burn is closer to $2m a quarter. They've been drilling Twin Hills continuously since mid Feb, so I expect cash burn on the exploration front to stay consistently around that mark unless they bring more rigs in. Not much else doing, so the number of q's left is much higher than the 1.7 figure stated in item 8.7.
 
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