They raised $7mill buddy. The management fees of the top 4 guys equated to $308,102 of cash payments. What you are looking at is the option payments listed on the balance sheet for accounting purposes- not cash payments see note 14 from the annual report. Exploration costs were $2.8 mill. So once you take out additional admin expenses, exploration costs, legal and raising costs you are left with the cash balance of $3.7 mill. So fully funded and ready to undertake/continue a drilling campaign in historical producing ground. Hopefully we can produce some results in line with the announcement in early September
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