drilling, page-36

Bizzo,

from what I can work out, they had 188k cash on hand at the end of the september quarter, this was after having paid 155k upfront to acquire Dina and Cerro projects (they have staged payments over the next 4-5 years totalling 8.5m to get full rights to both projects).

They raised 1.2m from the rights issue which was added in October. Expenditure for the Dec quarter was estimated at 390k. So they would have started this month with approx 998k. (1.2m+188k)-390k

Obviously they will need to raise capital for further drilling in the near term. Hopefully they get some good hits at Dina and capital can be raised somewhere north of the current price.