Well with respect to the $3.7 million if frugal it will last a long time but if exploration and such happens that won't last long. Frugal maybe ok but Frugal can be an undoing also at times.
Yes Dr Colin takes a directors fee of $ 1 but he still takes a wage. Its yes a modest wage for a MD and he is not raping the company. But if we are to drill again both Gold & U308 then we need funds.
So either he produces a outstanding Announcement the market loves and the share price rises so he can raise funds to drill further or he sells something. I don't think the Dr is a seller of anything !
A rerate then a raise to further exploration going forward with the big end of town or Creasy topping up.
Strange, page-47
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