My concern Pete is that these guys have spent an awful lot of money but haven't announced any good news at all on Albany for more than a year.
Over the past 4 quarters, the bulk of the activity has been on Albany operations. Very little has been done on Mahaloo.
Over the past 4 quarters, they have spent $6.9M in Q1 19, $3.1M in Q2 19, $3.6M in Q3 19, $7.9M in Q4 19
The last 5B quarterly forecast a spend of $3.9M for Q1 20
Altogether, that is $25.4M.
How much more do they need to spend if they have to remobilise to get to any good news?
With that kind of spend and no good news on Albany, you've got to ask what's going on
My concern Pete is that these guys have spent an awful lot of...
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