They spent $307,000 for the quarter and $577,000 for the year so far, so they arent 'burning' a lot of cash. The financial crisis has held back the progress, but it is the same with every company atm. From what I have been told they will keep making as much progress as possible while keeping costs at a minimum, until hopefully the credit markets improve. In the short term not a real lot to get excited about. On the positive side the Qld sites do look promising.
RMG Price at posting:
0.7¢ Sentiment: None Disclosure: Held
