GrahamI'm struggling with the need to tap the DV facility (other...

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?!