VAN vango mining limited
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from speccy to mid tier producer, page-16

  1. Sungar
    4,003 Posts.
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    01/06/11
    21:08
    Post #: 8485394
    Estimated cash outflows for this quarter:
    Exploration and evaluation: 300k
    development: $50k
    Admin: $250k
    Total: $600k

    Cash on hand: $3.3 mil

    As I understand it, the drilling costs would have been included in the above estimated cash outflows. Correct me if I'm wrong? If I'm not wrong why do we need a CR?
    VAN Price at posting: 9.0¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 9  Upvote
    lightbulb Created with Sketch.  Great analysis
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