There's about $10 million cash left in the bank. They spent $10 million on exploration last quarter alone.
$1.5 million per quarter fixed overheads of staff, admin, occupancy and they've appointed a minimum of 3 new staff since the last quarter. Outgoing cash flow keeps on increasing, but there's no money coming in.
Tick, tock, tick tock....
petromin option, page-3
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