Turns out my post may be more appropriate in this thread, so...

Turns out my post may be more appropriate in this thread, so here goes.

Hi @luke1979

Help me out please, I must be missing something?

I was looking to invest here but then noticed the cash burn of this company. Am I right in saying they have burned through approximately $2.5 million since listing (as per last quarterly) and all they have to show for it is the 5 reported grab samples? Ohh and I almost forgot the failed works program for the iron deposit, I guess that probably took up some of their time and capital, anyway...back to the grab samples.



Only 5 grab samples that were worth reporting in the 9 months since its been relisted? Is that really it? That's $500k per reported grab sample. Seems expensive.

Do you know how many grab samples they took? Was it close to 200? Thats still $12,500 per grab sample, wow that's expensive.

I'm not sure this stock is going to meet my investment criteria with those sorts of numbers...I'm really worried about the potential of the Airguide claims too. Has there been any further update on that front?

All the above is IMO of course and happy to be corrected