Gidday Heeman, Encouraging to read that you have a good, long...

Gidday Heeman,

Encouraging to read that you have a good, long term sentiment too.

In regards to your concern over GPR's cash burn, I'd like to bring your attention to a post made by tradealot on the SGQ forum he made made on the 10/8/16. On that post he explained that diamond drilling - in Australia - costs $175.00 per meter, with an additional administrative cost of around $50.00 per meter - for planning, analysis etc. -, bringing the total cost to around $225.00 per meter. I'm sure the labour costs are cheeper in Cambodia but even at around $200.00 dollars per meter, it only takes 4 drill holes at an average of 125 meters deep to cost 1 mil. I was surprised at these costs but noone challenged tradealot about these figures on the SGQ forum - and there seems to quite a few knowledgeable posters there.

You may already be aware of drilling costs, if so others might find this interesting, but these costs - coupled with costs for doing a due dilligence on Woodlark and the associated lawyers/administrative fees -, I'm not all that surprised that we've nearly burned 35 mil. A lot of drilling has taken place in Cambodia in the last year - although I'm not sure of the exact meterage.

I would imagine that should Woodlark go ahead, then it would be debt funded rather than capitol raised through additional shares. Would like to know your thoughts, or anyone elses, on this matter. Debt being so cheap at the moment it seems the logical choice to me.

Cheers

Rhama