The forecasted admin costs for the current quarter are associated with approving GTT's fees, management have said the next quarter will see significantly reduced corporate costs. Additionally, although first priority is to drill at their Clayton Valley project, they have confirmed that they are also continuously assessing new project acquisitions.
So they'll have just under 3M at the end of June with a low EV at current prices for a company with a clean register, low shares on issue, preparing to drill by quarters end and potentially looking to run the ruler over other projects. I'm sure having Jason Bontempo on board will be of assistance.
