What to do with all that cash?

Gday all.
FEX had $10m at end December. We know the rough numbers of the cash that will begin to flow from now on. Thing is, what will they do with it? No mention of divs. What I’d be doing is throwing quite a few drill holes into their new JV ground ASAP. They’ve committed to spend minimum $350,000 before they can withdraw anyway, so why not get cracking and drill now?

does by one know what typical drill holes each cost in shallow DSO type ground?

we know the area is highly prospective for IO. Some decent drill results, which seem likely, would go a long way to ease concerns over the short LOM, that I think has at least some bearing on current SP.
Nice to see it moving today, the prospect of their new large area containing more ore (particularly if DSO), would give it a further decent shove imho.
a div, even modest, would boost more on top of that.
cheers,
ned.