QMN 0.00% 16.8¢ queensland mining corporation limited

how much cash

  1. 199 Posts.
    Cash is king - we need it to get stuck into our drilling over the next few months so its going to be one of the key things i will be looking at when the quarterly is released.

    I'd say we'd have 1m on hand and we'll see something along the lines of:

    Cash at start of the quarter - 2,911k
    Exploration activities - (300)k
    Administrative - (1,600)k


    Exploration - is going to be for the JORC assessment work and some payments of AP from November / December.
    Adminsitration is going to be higher due to the sponsorship / travel fees to the conference in HK. Butmall will get its "fair share" too.

    1m - i dont think it will cover it...
 
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