you are right, I mae a mistake about BMM, it is only $3 million or so now, was calculating 22% of market cap, but realised that more shares had actually been issued lately. You are correct as well that it should not be taken as a full funding need, but I would say still there if we need to drip in.
by the way though the quarterly the administration costs, include what we have paid to buy projects, so I believe it is around $310k, thereabout, so just to keep lights on I would say is the staff costs + corporate costs, I am assuming it is around $250k in total rouded. Which would mean that we have around 14 quarters BUT this is only assuming NO exploration as you mentioned. however with exploration in last quarter they spent aroud 900k, so not sure what a company would do with no exploration. lets see how things go.
todays activity looks interesting, though very low value, so not really interesting in the end.
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