Hi
* 1500M drilling underway at SM6
* $2.087M spend next qtr ($1.792 on exploration)
* Polymetals qtrly report indicates Turner River scoping
* NZ drilling to start in 2013
* Pachi drilling also planned for 2013.
Pretty bold exploration spend for this quarter and beyond when only $238k in cash at end of last quarter.
Is Turner River our cash cow? The Polymetals Qrtly Report is a good read... their study progressed identifying viable project (see details and $ estimates at http://www.polymetals.com.au/PDF/ASX_24Apr2013_Quarterly%20Report_March2013.pdf)
Just need one epithermal to turnaround dramatically... but there is significant downside from dilution versus the significant blue sky.
Elisby1
Ann: Quarterly Activities and Cashflow Report , page-2
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