They need to do aero magnetic survey first. That's 100k,...

They need to do aero magnetic survey first. That's 100k, then the qtr admin 250k.

So they start next qtr with about 400k if lucky, spend 250k admin. 100k doesn't buy much drilling if the survey is good.

The cr should have been enough for 1 year, but they paid a 450k debt to kalgoorlie mines or something out of it, so only half was left. I wonder who owns that.

So they will need another cr by June. 13m exploration written of last fin year, and nothing to show for it, not even a good project. Sure the ground next to spectrum is good, but how they explore it with no money so soon after the last Cr.

I have money in, its in my write off basket sadly.
They just spend and spend on admin, ie just 100k this qtr on exploration