Might justify some of the admin costs which are always consistently above the quarterly estimates. Even more concerning is that the exploration expenditure is consistently well below quarterly estimates. For the last 3 quarterly reports the estimated expenditure for each quarter was exactly the same, $200,000 on exploration and $200,000 on admin. The actual costs for each quarter were;
Exploration Admin
30/6/12 87,609 289,509
30/9/12 62,534 294,100
31/12/12 61,287 294,112
I know times are difficult for coal juniors but a little more attention to detail in preparing the quarterly estimates wouldn't hurt.
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Might justify some of the admin costs which are always...
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