if we read the quarterly report, the forecast spend for the quarter is $475,000, with $300,000 on exploration, evaluation & development & $175,000 on staff & admin. as said in the report:
...during the transition period to the new mining legislation, and in keeping with prudent financial management, the company has suspended pilot plant work, the infill drilling campaign and commencement of the Definitive Feasibility Study pending clarification of investment terms and conditions.
i phoned the company, who said they are continuing with the long-term cycle battery anode testing but, as announced, suspended the pilot plant work. personally, i said i was not happy with that; that i thought the metallurgical test work is really important. they replied their MOU partners agree with their decision
for me, happy to wait & be patient
a GPX broker reported already flagged a legislation change that could favour graphite
