Hi CV
From the Quarterly:
Staff, Administration and Corporate costs = $295,000 + Other Native title and Salary payments = $165,000
Total costs of above :$460,000
Compared to Exploration = $126,00
IMO..... costs a bit on the heavy side in comparison.
Forecast is for more exploration in the next quarter which is great but they need to trim costs on the management side of the operation, currently way over the top compared to other juniors in the sector.
Ann: Quarterly Activities Report, page-3
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