So you really got to give these guys from AMG 10 big points. I can't even remember the last I’ve seen a company spend 94% of its expenditure for the quarter on exploration and appraisal, thought for a second my eyes were playing tricks on me, $110,000 for the quarter in Admin includes, office and directors and staff costs, rents, lawyers etc and $1.8m on exploration.
Seems almost always companies spend 60 to 70% on Administration with a little on exploration.
At least now i know i'm getting bang for my buck. Hopefully all the old plebs have been flogging every announcement with their 2c cost must be nearly all sold out. Anyone smell that?
