I cannot understand why the admin expense is so high with this stock?? For comparison, Iron Road, which is developing a multi billion dollar Iron Ore project also spends around $700k a Q on admin.
However they have a head office with many staff members, are burning through $25m+ a Q & have developed the project close to the stage where by they are close to an investment decision. I can understand them having a largish admin expense
But ours? Where are our admin expenses going??? We are spending almost as much on admin as we are on exploration and evaluation.
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