Rookie6,
DRE are blessed with world class deposits in both REE and CuNi. We have only begun exploration but so far our resultsare not exactly earth shattering stuff. DRE spent about $7m in exploration last quarter and seem to do so or thereabouts every quarter. We spent about $2m with the vast majority of results pending. That $2m in the quarter is a 1 off for LNR otherwise we would run out of money in 1.5 quarters. I think we had $2.8m left at the end of last quarter. We will need to get more cash to put out more announcements. This is why DRE can put announcements out so regularly. It isn't joke. LNR is small and DRE are relatively large. Its just plain facts and reality.
LNR GENERAL DISCUSSION, page-737
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