cr, page-5

SW,

$8.2m at 31 Dec with a $4.7m forecast for this quarter (ends tomorrow) and average per quarter burn rate greater than $4m. Most have the options have been converted now and only $2.3m remain.

So by end of tomorrow we should expect $3.5m (not enough for next quarter) with $2.3m due to clear in early May. There wont be much left by 30 June... CR has been on the cards for a while.

12m shares for $1.70'ish to raise $20m and buy one more year just in case? SVW placement?? Overseas placement???

Short term hurt for long term gain. Shareholders will get more bang for their CR bucks than with many other explorers on the ASX.