Anyone know a rough cost for the drilling?
Cash reserves as of end of last quarter was $1.9m.
- staff costs = 270k approx?
- lab analyse cost? = maybe 25k?
- excavation costs
More and more I look at the balance sheet I think we will have to do a cap raise after any positive results released. (Should be any day)
Unless excavation costs were paid via shares/options but I couldn't find a reference of that anywhere.
If the selling does not recover we'll be looking at 8-9c cap raise. Whats everyone think?
Held/Hold
Ann: Drilling Completed at Port Gregory - Further Update, page-23
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