Just read the Quarterly re-hash statement. The rate of cash burn is quite remarkable ($4.7mm for the quarter).......... They still have dollars in the tin after spp and placement but that is a huge quarter of exploration spending. They say spending is being reduced over the next quarter to more like mid $2mm's. Let's hope this bulk sample is a ripper as at the previous Qtr's spend rate, they have 2 quarters of cash left before looking to the markets again which I'm sure AK would prefer to do above 65c at least..........
GDR
goldstar resources nl
Just read the Quarterly re-hash statement. The rate of cash burn...
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