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
