looks like the cost for evaluation is more than exploration
durning March quarter we have done 4000m AC drilling + 1924m DD total cost $884k
during June quarter evaluation cost $1.145m
during current quarter with 3000m + 31000m RC drilling (@$120/m) exploration may cost around $732k
average staff/admin/corp cost is around $372k
they should have around $2.5m cash left after current quarter, imo.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-7
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