Well with 5mil in the bank, less 2012-2013 salaries plus bonuses for Graeme and others will leave 4mil+.
I do not believe that they now can do much at the burn rate required for drilling etc., given they have blown Cliffs 20mil+ with little to no results and the sp now at 0.027 and still heading south. I believe that a cap raising will be on the cards soon or a sell off some asset to fund exploration.
Just my thoughts DYOR as always what do I know I am the Stockdud.
Ann: Annual Financial Report , page-2
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