BUR 0.00% 14.0¢ burley minerals ltd

Last quarterlies gave an anticipated outgoing for the current...

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    Last quarterlies gave an anticipated outgoing for the current quarter of $1,300,000 being $1m for exploration and $300,000 for admin.

    Combined with the $230,000 per month from Heintschel this $145,000 takes us up to net revenue of $1,125,000 per quarter.Should improve further when the choke is optimal and Brasher comes back on line (don`t think they`d go to the trouble of a work-over and compressor for the previous revenue of $16,000 per month).

    Until they go for Woppa BUR is now pretty much funding its`highly-prospective Wilcox exploration out of revenue while sitting on a pile of cash.Know things can go wrong but this is a pretty good place to be and one not reflected in the current SP.
 
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