quaterly cash analysis

250k exploration
5.6 Mil- Development
951-Admin???? (Thats 4 Mil a year on the Admin?)

1.3 Mil for security deposit (to the NT gov I think)

38 Mil cash in Hand. With a 4 Mil yearly cash burn.

Jan-Mar Quarter Expectations
300k Exploration- More drilling of Wonarah Main Zone.
2.2 Mil development- Not sure here.

A couple of tenements lost and gained during the quarter. I don't remember any notices about these.


Cash burn is going up with Admin. I would like to see more work on getting the contracts up for starting the mine with a 6 month forward sale price- as would everyone else.

World Bank reporting on RP comes out next week. My tip is $120 per tonne as noted by MAK and well under the $160/$170 it should be.