Ann: Corporate and Project Update , page-30

Graham

I'm struggling with the need to tap the DV facility (other than it was part of the 'deal' to give DV a chunk of the company at stupid prices):

1. $700k on hand at end of Sep qtr - let's assume $290k spent on admin in Dec qtr (same as Sept qtr.).

Maybe nil on exploration/development given the hiatus.

Should be circa $410k left.

2. $300k odd very likely coming in from Aust federal govt this month?

There's $700k.

Why borrow dribs and drabs from DV then?!