Folks imo this next quarter is very significant
Below is the expenditure for the last quarter , and next to that is the expenditure for the financial year so far
We see that the spend for development for the whole year is 75k and over half of that 41k was in the last quarter.
Then we look at the estimated spend for the next quarter and “bang” all of a sudden we have 250k budgeted for development. That gives us a hint of the spend for the pilot plant.
Further we see this quarter 740k is budgeted for exploration, which is nearly as much as has been spent in the whole financial year so far been 1 million and we are going to spend 740k just on this quarter. No doubt that’s for the two re-entries
Big quarter coming and a corner turned when a company starts to significantly spend on “development”
Finally, did anyone else notice that the quarterlies have been released early, they are not due until the end of the month. Asn normally release the quarterlies at the last moment but here they are a few weeks early......I wonder why, I wonder what’s coming.
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