had a look at the quarterly report. From my limited knowledge...

had a look at the quarterly report.

From my limited knowledge their total outflows (i.e. cash flows related to operating and investing activities is $769,000).

There current cash on hand is $1,504,000 (this value is after the above outflows are deducted). Their estimated cash outflows for exploration & evaluation for the coming quarter is $400,000. If we include the other operating & investing outflows the total outflow may amount to approx. $600,000- $650,000 for the coming quarter. Taking that into consideration they still do have some cash on hand. And if we include the new cash coming in it might last them a few quarters- Maybe till about this time next year thats if we are lucky.

Am i correct, or am i missing something???

When we weigh this financial position against the prospects, i really dont know what might come out. I just hope that there is some good news on its way.
DYOR