A tick over $2 million in the kitty. Last quarter they spent $260,000 on geology contractors to undertake the sampling in Sweden, Finland and Canada. They also spent $60,000 on director fees, admin costs and rent. This quarter they will have costs for the Colorado geology consultants plus the fixed costs of director fees and admin. They have enough cash for a few more quarters if they want to raise at a higher price but sometimes it's best to raise while there's market interest. If the Colorado project comes back with good results then I'd anticipate a raise to capitalise on renewed market interest.
PR1 Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held
