Pmunt,
Im going off the exact same quarterly report...
that was cash at bank as at 31st March 2008...
If you look on the very next page you will see this,
Estimated cash outflows for next quarter
4.1 Exploration and evaluation
35,833,000
4.2 Development
-
Total
35,833,000
....
Expenditure for drilling this quarter will mop up all cash reserves...
Infact exploration and evaluation expenditure for this quarter is larger than cash at bank by 200k odd...
