PRU has spent about $27 million in the last financial yeat with $11 million in the June quarter of that year. A further $8 million has been spent in the September quarter. These spends have been pushed higher with the feasibility study that has now been completed.
PRU has $11 million left at Sep 30 and I guess they are spending around $2 million a month on continuing drilling so it was about the time for more funding or the drilling program had to be reduced.
I suppose PRU will now do just that and wait for better times or a JV partner.
failed raising ....., page-8
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