About $1 million in admin and staff for a quarter deserves criticism (approx. $400k in staff and $600k in admin). Never before have I seen that kind of cost for a company doing no drilling or not having any project with meaningful exploration going on. Some small companies can easily progress on a third of that per quarter.
I’m confident a project acquisition is on the horizon, let’s hope it’s drill ready and we aren’t waiting another year for approvals post acquisition…. Because we really will be looking mid 20c (remember market is forward looking and will factor in the admin and staff cost before drilling takes place).
KRM Price at posting:
2.9¢ Sentiment: Hold Disclosure: Held
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