Mike has raised $7m and we have $2.5m left
we spent it on drilling high grade at Canbelago but its not worth chasing deeper
we didn't find either north or south repeat shoots at CZ
and I gather we're questioning their existence with a redraw of the model
we're going to spend the balance on RC testing all new targets
it hasn't been a successful $4m spent.
Its not a sell, its a buy but that's 12mth and lots of cash with no cigar
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-7
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