Ann: Quarterly Activities and Cashflow Reports March 2018, page-13

"why the company is forecasting a spend of only $260k during the current quarter. It doesn't seem very much to progress any mining or exploration project when you consider staff and admin costs of $100k are also forecast to come from this amount." -

For starters we are still waiting for a mining licence so why spend unnecessary funds . 2) very little more drilling is now required to prove up what management and some of the more learned folk here know is already decades of mining ahead. So really all that is required is to continue to spend modest amounts of money on perfecting the extraction/recovery method, drill a few more infill holes and wait for the mining approvals to arrive. cheap cheap!!