It will all depend on their running costs. One would also assume that they will be reinvesting alot of it to drill more holes in this big Growler area. This is better than cap raisings. If the revenue keeps going up and they maintain their current cash burn the 10 mill would give them a profit of about 5mil. I would hope though that they step up development wells and spend more.
Having said that showing a profit is what the market loves to see.
It will all depend on their running costs. One would also assume...
Add to My Watchlist
What is My Watchlist?