It's something that probably needs clarification very soon. As at 30th March there was apparently $44.6M cash balance after consuming a bit over $9M in the March qtr. With a similar spending rate we night expect a further reduction of around $7.5M as of today on regular expenses and exploration, less another $4M to take up the Renard option. That should leave a balance of around $33M I would have thought. Hopefully after the CR is bedded down we'll be told the new balance, preferably in a new Webinar from Chris.
Ann: Trading Halt, page-269
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