"How long will their cash of $1.4m last?"
About as fast as it takes to turn the drill bit and run the outfit!
Administration and corporate costs in the last quarter were $56,000.
Cash and cash equivalents at end of period $1,409,000
Estimated cash outflows for next quarter
Total estimated cash outflows $350,000
The Quartlerlies are there for a reason .......................... you should read them if you want to make money playing the market.
MI
Ann: Quarterly Activities Report, page-22
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