I believe this round of drilling is less than $300k if you take into account contribution from JV plus government funding. A bit of admin and salaries on top of that.
Technically could get by until well into the new financial year on existing cash.
I’m hoping they will do a Sirius and make a small placement around $0.50 and another at a dollar plus once the results are released.
Ann: Deeper Nickel Targets Identified at the Eastern Mafic, page-32
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