I'm not sure how you work out how $5 million (includes $4.3m undrawn loan funds) is going to last years.
More drilling is needed to get to a measured resource and that requires probably $100k a hole then you have admin costs (wages, EIS, PFS etc etc) How many more holes do you think they need to drill to get a fair chunk of a measured resource? When do you think this company could get into production by if it survives as agoing concern?
Nobody cares about inferred and indicated.
EER Price at posting:
7.0¢ Sentiment: Sell Disclosure: Not Held
HotCopper & The Market Online will be live From the Floor at the Mining News Select Conference and we want to bring the voice of our online audience to the show with us.