"Where do CUU stand financially? Last report circa $4mill in bank. Couple of mill prospectively from bauxite sale. SK Energy to contribute several mill. Youre getting close to $10mill there alone."
When I do the sums EverReady I get -
Last quarter 3.8m in bank, 680k quarter spend. Assuming same spend this quarter approx 3.1m left.
50k this year from Bauxite deal. The rest is complete speculation. It is worth a 50k. That says it all....
I can find no mention of SK contributing.
At current spend rate we have 16 months left before the cleaners come in.
We have had two shots now at drilling and haven't hit anything more than AL and myself could get by putting a pin on the map. The difference is we're not getting paid what Stevo is getting to pin the tail on the donkey.
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