So NCF from production approx $8m for the quarter. Cash at end...

So NCF from production approx $8m for the quarter. Cash at end of quarter approx $16m. Projected spend next quarter (excluding gross production expenditure of $18.5m) $7m, which should be covered by production NCF.

This is a nice stable position, much better than other RE explorers, but obviously the funding of the DZP is a different order of magnitude. ALK won't go broke if it takes a while to get funding, but at some point it will have to attract funding for the DZP on its own merits.

I personally hope they tread slowly and carefully from here. The nightmare scenario is another Karara, where a huge resource, way too big for the original explorer, just becomes a quagmire of debt and negative cash flow.