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...
QMN Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
