from memory....
The last annual report stated the accumulated losses were about $50M... not all of this will have gone into Mt Alexander, but even if it did that's pretty controlled spending to get us to the stage we are. High priority targets defined with a reasonable understanding of the geology, a scoping study underway and another project in the offing. Shares on issue still manageable... plenty of poor examples to be found with other explorers.
Ann: Quarterly Activities and Cashflow Report, page-12
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