They won't wait until the end of the last quarter to let the money run out. CR will start before the final quarter or that is just my thinking.
Option conversion approx $250K is what I think I saw in the report? At 1c +/- option conversion is a bit up in the air I would have thought.
The key point is that we surely must not have another CR at around 1c. That is why the resource statement is critical.
Ann: Quarterly Activity Report, page-5
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