BIG news in the quarterly on The Treasure Project in Cyprus.
Bottom line is that BMG will receive $2M in the June quarter as well as a further GBP100K for another divestment in the June quarter.
Add that to $2.1M in the kitty as at 31 Mar 2022 and we'll have $4.35M in the bank.
All those that thought there would be a need for a cap raising before the next big round of drilling may have to think again...
Can't help but draw comparisons to Spectrum Metals who got bought out by Ramelius for $220M, with their similarly high grade project (Resource 355kozs, 13.8g/t grade)
A fair way for us to go yet but that step out hole was a game changer
Ann: Quarterly Report and Appendix 5B, page-2
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