let's do the real maths $$$.OMG only $4.4m in the bank..wouldn't...

let's do the real maths $$$.

OMG only $4.4m in the bank..wouldn't every explorer like to have that problem!!

$395k going in admin every qtr??? $395k went in admin last qtr only. That figure could have included a number of ONE OFF costs associated with the merger and wont appear in future qtrlys

announcements do not say we will chew $450kpqtr in exploration..expected to spend $450k said sept qtrly..actual spend was $112 said dec qtrly..that leaves $338k they will have unexpended for use this qtr..the expected spend for this qtr is $330k

some months the spend is less than others.the timeline in the AGM presentation shows the months little exploration is done and more time spent analysing past results & planning future drills

state & federal govt grants are available particularly for companies going geothermal path like cuu matching $ for $ invested

you've got wealthly backers in the Koreans they don't back companies going broke