Ann: WWI Melbourne Mining Club Presentation, page-9

The presentation has June cash at $1.2m, down from $1.9m at March quarter end. I wonder what additional costs we have had this quarter to bring it down? I see the costs as a positive based on the companies response to the ASX on 14/5/18.
"(b)  By way of illustration, “production costs” for the quarter included significant expenditure on costs to
consultants to lodge and advance 2 mining permit applications and a full mining right application over the South African project. These costs are one off costs which totalled circa $270,000 of expenditure. From January 2018 the Company significantly accelerated expenditure on advancing these applications based on the solid returns delivered by WGP. However, if necessary, the Company can at its discretion defer or delay future costs on advancing these applications."

All just my opinion of course, do your own research and good luck to all.