Honestly, I was expecting more like $0.449M - so, super happy with that.
Plenty of cash to keep them going until hopefully 1 of those 4-5 deals are closed over the coming week(s), per Dean.
Also, from memory (no time to check at the moment - correct me if I'm wrong), last quarter Top Drill 50/50% drilling cost sharing with DRE was from mid-June (ie. only for 2 weeks of the quarter), whereas this quarter it's for the whole quarter.
Last quarter's exploration costs were $1.59M - so, do the calc's, but if it's the same amount drilling in this quarter, it means that it will be approximately half of last quarter's amount that's paid in cash?
Anyway, drilling done, more drilling being done currently, and more drilling after it, results to start flowing for all, and hopefully a deal (or two if we're lucky, but I'll be happy with one) to come in-between all the drilling and results.
Cheers,
GB.
DRE Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
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