Hi JoshI was more referring to BEN. They must have at spent at...

Hi Josh

I was more referring to BEN. They must have at spent at least $9-10mil on that prospect?

Guinea was a success for the amount of cash spent tho.

I'm pretty sure a lot of the cash was spent on drilling, assaying, geo's, access clearance. Setting up and obtaining prospects is no big cost. Drilling costs big bucks in remote locations.

$11.5mil has been spent on direct exploration costs alone since 1 July 2008, per 2010 Annual Report (not sure what component would relate to BEN). You could then factor in say 40% of the indirect admin costs of $4.6mil for $1.8mil.

I suppose none of us have seen their internal accounts, so bit hard to know what was spent where.