Ann: December Quarterly Activites and Cash Reports, page-2

$777k in the bank, estimated spend this quarter $672k. Another credit raise shortly.

Dec qtr spend - $155k on exploration, $200k on staff and $247k on admin and corporate. Not a good look. Staff and admin were lower last quarter, and are expected to be lower in this coming quarter, not sure why the December quarter was so high.

Further drilling due to start this week - they'll need to find something impressive.