I thought the photo might have been old sept/oct ones, but they have capture date on the bottom left, Feb 2021, and also upload date is Feb 2021.
Yeah so hopefully an update soon is in the works; based on what was originally budgeted for Mary Valley, and Devil's Elbow we had $500K in the kitty.
Recent Q2 Quarterly 2021 FY said have $556K left, and recent placement we have another $2M = so should be about $2.5M.
Review the Q4 2020 FY Cash Flow Report - we had $962K
Popal did an interview on Proactive Investors https://youtu.be/Q5UDN71O8u4?t=300
So basically at around 24/08/2020, the estimate expenditure for Mary Valley was about "half-a-mill".
Stage two drilling occurred 24/09/2020, and drill results reporting occurred in first two weeks of October.
Q1 2021 FY Cash Flow Report - we had $828K
Looks like there has been only about $406K all up on all projects spent thus far by 31/12/2020, so probably Mary Valley has some anticipated budget to spend.
Can see though the cash-burn is at very controlled rates; we could be firing all pistons but that would evaporate the cash, and be raising further cash at very low sp as a consequence. As mentioned before at the AGM, Ngalia basin got a lot of presentation time - but with drill rigs being all busy with the gold rush - we'll just have to wait for an open time slot and judging by it not paying the earth for the contractors. (good-times for them drilling crews in NT from what I heard, literally all booked up).
When the JORC report is complete that will trigger the $1M milestone payment to Cerium (not factoring however much it costs for the Geo analysis work).
And finalise 2nd completion then another $100K to Cerium also - along with 81M shares + 50M, 20M escrowed options.
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I thought the photo might have been old sept/oct ones, but they...
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