By my calculations they need approximately 7 million aud net to drill well #2 and get #1 and #2 to production. In that time they will also need to repay $2m to MEL and pay for admin and other. That small cap raising is potentially $10-11m. Really interesting times.
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- Ann: Quarterly Activities Report and Cashflow Report June 2017
Ann: Quarterly Activities Report and Cashflow Report June 2017, page-5
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