35m, 20c Options expire in November next year, potentially...

35m, 20c Options expire in November next year, potentially bringing in $7m so all we need to do is raise enough to get to the end of next year, assuming the options are in the money.

Office and staff cost around $220k per quarter.  Exploration and evaluation $385k of which government will reimburse $150k on completion and JV partner will kick in 25%, so probably around $1.3m remaining at end of March quarter.  Theoretically, existing cash could get through to the end of this year and a further $2m get them through to end of 2020 option expiry, so no real pressure.  

Results will dictate when and what they do in relation to CR. Good results will warrant a couple decent rising CR's at high prices to fast track the project to commercialisation. 

Without looking it up, I also seem to recall reading in one of the previous announcements that resource numbers based on earlier drilling may also be forthcoming in first or second quarter of this year.