Ann: June Quarter Activities Report and Appendix 5b, page-25

Everyone seems to be not reading the actual announcement.

Drilling made up most of the costs of the last quarter and it states that costs will decrease now that drilling has ended.

With over $3 mil remaining and other costs around $5-600k a quarter we should easily have at least 3 quarters left even if costs are higher due to the technicals.

Seems unlikely that charles would of put in money as a loan if they just planned to raise before there are some announcements to boost the price before the next raise. Obviously a lot of other factors at play but I think that would be his general plan based on the info we have.

But yeh everyone banging on about 1.3 quarters left without reading the rest is just a bit foolish.