Well, it is about $100k lower than i had expected (as per a post I did), but having $1.414m in the bank as at 31 march is still a healthy sum.
For the march Q, $137k was spent on staff, $151k spent on admin/corporate and $360k spent on exploration and evaluation (mainly evaluation??). That makes a total of $648k.
I expect that that the exploration will now heat up, basing this on the comments made by HQ regarding Bottletree, mainly.
$1.414 less say $200k for April, plus $300k from the Government leaves about $1.5m to spend from now on. I feel quite comfortable about that at present.
Ann: QUARTERLY APPENDIX 5B CASHFLOW REPORT, page-3
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