well dutchy6384, they now have some quality offices in Melbourne CBD to continue doing their studies and modelling from (google the address for a look at what they must have needed to work from). Latest 4E shows more studies being done - I feel like I have invested in a University. This quarter they are spending $500k - $100k on exploration and $400k on admin - yep ! Noels annual salary in the 2015 annual report was well over $400k pa - not a bad job.
How many holes have they drilled since listing in 2007 and how much of people's hard earned cash have they spent so far?
Explorers should be cash misers except when it comes to money in the ground exploration - drilling !
whats next?, page-9
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