What a quarter in terms of results and progress of the business plan!!!
And good to see the cash levels are still robust. After all the drilling activity, I was a little concerned about cash levels but at the end of March we still had $29 million in the kitty, albeit with the line of credit ($13 million) fully drawn.
I think we can get through drilling W6 (partly paid by TPD) and testing of W5 without having to worry about capital raising. Maybe they might choose to replenish the coffers during the testing of SE1?
Overall, a very reassuring quarterly.
Ann: 1Q22 Quarterly Activities Report & 5B, page-2
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