I'm not sure they will need another CR so soon - per the quarterly - "To earn the right to 51% equity in the Project, Newcrest must first spend an additional U$2.2 million on exploration before 25 August 2017". So all exploration costs are covered by Newcrest.
Staff and admin costs - based on the 9 months YTD - are about $200k per quarter.
OVL Price at posting:
1.4¢ Sentiment: Hold Disclosure: Held