Quarterly due out soon so this should have an update and you will see the actual cash position, but I would expect it to be around $5m or lower.
This thing needs a lot of drilling (and cash) before it gets to the stage where the resource size can be determined to confirm if there is a mine possible.
The company's previous announcement suggested a resource calculation was to be completed in the September Quarter, however nothing has been released yet ... Not sure what this indicates, either not enough info, or the current info doesn't indicate a good enough calculation to release???
Regards Marv
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