Well auger drilling is the cheapest out of all the drilling options since it has the lowest overheads. Brazil is a lot cheaper to drill in than Australia too. Lower salaries and less red and green tape. Plus we have a JV partner who funds most of the tenures. We had $1.2M in the bank to the end of March so I would say we are good for another quarter until September at least. Hopefully into the new financial year we get a lot more interest and boost in the share price and can raise at a decent premium!
Well auger drilling is the cheapest out of all the drilling...
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