Burn rate for the first quarter was about $3m leaving cash reserves as at 30/9/11 of about $5m. Not long to go before another CR is announced IMO. I guess they would try to do that after a spike upwards from a revised JORC announcement because they have no money to mine anything.
What happened to the processing plant they acquired with the Cameron Project that was supposed to be ready to process ore ????
Ann: Annual Report to shareholders , page-5
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