I would say we have spent close to USD$1m on additional land this month assuming the same $ per acre from the earlier announcement.
At H1 we had AUD$1.7m on a spot rate at the time of writing, that equates to USD$1.2m, each quarter we burn through roughly AUD$300k, which is USD$213k. I'd say we are due for a capital raise fairly soon, we have a small receivables balance which is immaterial too.
My gut tells me the capital raise is due soon for funds to drill, I suspect this will be raised directly through instos rather than going to the market. Particularly given the increased interest this stock has generated.
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I would say we have spent close to USD$1m on additional land...
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