SpiritSong, u make a good point BUT BCN has enough funds for about two quarters of exploration. They had $1,035,000 at end of March and expected to spend $300,000 on exploration in current quarter. Their Admin costs are $200,000 per quarter so we may estimate current quarter spend at $500,000. That leaves just $535,000 for the next quarter. This means that another fund raising will be required within the next four months?
They also took a loan of $1,500,000 which is secured over their gold leases. How do they pay back this loan?
lol sydneysider, page-3
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