MEI 0.00% 17.0¢ meteoric resources nl

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-2

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    Great quarter with all the right progress made but a bit surprised with the expenditure to be honest. Love to know the breakdown of the 'exploration and evaluation' of $7m. Last quarter was $11m but from my memory a lot of that was licenses/acquisition costs. Is $7m per quarter the cash burn rate on exploration going forward? And I guess the drills are leased instead of outright purchased? That would make a better sense to be honest. $281k in one quarter for two drills, does that seem reasonable for the mining experts here?
 
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