The company has burned $661,000, cash that they have equivalent of the end quarter is $894,000. Presumably, a projection exploration and company expense will equivalent to the last quarter or greater, its cash remains will approximately over $200,000. In my opinion a capital raising is inevitable.
Please do your own perusal of the company's announcements.
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- Ann: Annual Report 30 June 2018
Ann: Annual Report 30 June 2018, page-23
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