It is a bit simplistic to expect that the $5 million will be added to the cash balance each quarter as expenditures may vary as we move forward. The best example is the upcoming drilling campaign, which will eat into cash a bit, but hopefully add some longer term value. It is a good practical use of the cash to be undertaking this work now while the reserves have some remaining value.
It will be intresting to see if this chart is updated as we move forward over the next few weeks. It would be an easy sell to shareholders if this was updated and issued at or around the AGM.
I wonder if the B&M are reading all this ????
Cheers, AL
TAP Price at posting:
7.5¢ Sentiment: Buy Disclosure: Held
