Operating costs are down to about 400k a month I believe. Cash plus C29 shares and copper con will likely be at say 4m by end of the quarter.
white dam sale could bring in a $3m?? and with a rising gold price should help close a deal. They have been working on this for sometime so this could starve off a CR for a another 6 months. By then NCM drilling is underway/done.
On another note, our novo stock plus cash from the sale when completed now valued at closer to $3m.
Mt Morgan and Cloncurry divestments moving too I suspect ($2-3m)?
no rush for a CR but got to keep things moving
Ann: New Yandan Geology Model Defines Compelling Targets, page-11
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