As of the last quarterly we had cash of approx 1.3 million with projected expenses for the Sept quarter of $400 0000.
The drilling results released on 28/07/08 indicate "a major RC percussion drilling program later in 2008" after the diamond drilling.
Can anyone who knows anything about drilling costs tell me if we have enough cash for a major drilling program? With the share price heading south I'd hate to see another cap raising.
ZGM Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held