Closing balance as at March 2024 - 4.4 mil
100% Estimation
Quarterly Admin and other exp - Lets say $240,000.00
2000 meters of Diamond drilling - $200/meter = $400,000.00
1800 meters of RC drilling - $80/meter = $144,000.00
Total estimated quarterly exp - $784,000.00
Estimated balance at June Quarter - 4,400,000 - 748,000 = $3.6 mil
With this balance and s decent drilling exploration like last quarter - 3.6 mil / 800,000 - This cash is enough for another 4 quarter or lets say another highly active 3 quarter exploration is possible.
Ann: Brumby Ridge Fault enhances prospectivity of Mt Isa Project, page-94
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