"But as of the 31/12/08, as projected by your company as per the 2nd 08/09 quarterly, the cash spend for exploration, development and evaluation is $5m. The administration is around $400K per quarter.
$13m minus $5.4m is $7.6m."
Presentation shows expected cash at AU$11 million at the end of April (assuming BON takeover).
"3rd quarter will contain obvious dilution IMO based on cash spend."
Dilution from cash spend? That's a new one.
There will be obvious dilution from the takeover, but that wont be concluded in this quarter.
"All eyes on their next quarterly in a couple of months."
No need, the projections are already on record.
I'd give you 0 for 3.
"But as of the 31/12/08, as projected by your company as per the...
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