Smart Money buying, page-46

Company had $539,000 as at 31/3/18.

Raised $1.5 Million.

Expected expenditure during quarter $425,000

So should have about $1.6Million cash at bank to fund exploration!

	Column 1	Column 2
1	{colgroup}
2	{col}{/col}{col}{/col}
3	{/colgroup}
4	9. Estimated cash outflows for next quarter	$A’000
5	9.1  Exploration and evaluation 9.2  Development 9.3  Production 9.4  Staff costs 9.5  Administration and corporate costs 9.6  Other (provide details if material) 9.7  Total estimated cash outflows	315 30 80
6		425