That 6mil will go a long way unless we start another drilling campaign. Even then the last drilling campaign only cost about 1mil.
Site works, village and access road I would peg at a cost of 1-1.5mil, 2mil max.
That is the best thing about this play. Whilst its not great trying to be a developer in this environment, we are lucky to have so much cash which allows us to be nimble in terms of timing various things like these early works and all the while delaying any CR.
eg I'm a holder of SVY a copper play in Vic, great project IMO but they had to tap the market today for funds because they went dry on cash. SP was 50c 3 months ago, 20c yesterday and CR is being done at 15c ....ouch and shocking timing ... BML doesn't have this problem.
That 6mil will go a long way unless we start another drilling...
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