So where to next?
Met processes are taking time with no indication of early results. Drilling program half way through with no indication of interim/initial assay results.
About $3.5 mill in the bank ongoing spending with no income plan indicated. I.e. how low will they let the bank go before topping up? $2 mil, $1mil. Too low and the sp will get thumped! That’s probably happening now.
BH has to head overseas for a partner to take this project forward otherwise we may end up at the back of the queue. Too Many competitors around Esperance to delay looking for a partner!! Get out there now imo.
Buyers outnumber sellers but sellers in control of the sp.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-2
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