At 30 Sept 08 BOW reported:-
Cash = $5.055m
Liquid Inv = $2.113m
Admin costs =$0.467m (note Paul and John joined in Aug 08)
Negative net Operating cashflow = $1.351m
Receipts were $0.114m.
So MT divide say $7.17m (Cash plus Liquid assets) by say $1.5m and we have working funds for just over a year
BOW will need more capital = more shares or joint venture. Both will dilute our holdings.
If you know more than this the ASX should be told about it.