Hey Bob!
Read this.
Wages
GS $350k plus PA
JS $100K Plus PA
2 Independent Directors $100PA
Receptionist/Admin $? say $40K
Personal Assistant $? sat $60K
Geo $? say $250K
Total $900K pa Plus expenses super other???
Rent $20Kpm? $120Kpa
Admin phones etc $? $100Kpa
Airfares etc $? $100Kpa
Drilling program $4m six months
Lab Analysis $? $150K six months
Total above $5.37m and I am sure there would be more expenses like accommodation legal company secretarial service PR Girl, motor vehicle depreciation, ASX listing fees, superannuation,Company Audit fees Accounting fees etc etc etc.
How do you envisage $7m+ cash at bank lasting for a minimum of 2 to 3 years?
Can you please explain as Pauline Hanson would say?
interesting strategy...., page-16
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