well its certainly interesting. MIN is meant to be paying for...

well its certainly interesting. MIN is meant to be paying for everything, bar our staff costs. our estimated cash outgoings for this quarter were $495k (including $210k exploration that i think MiN should be covering.) we had $1,024k cash on hand, we since sold $133k of options.

so at the end of the current quarter we should have $662k (+$210k for MIN costs) so why the raise? staff costs for the next 2 years? if so why now, why not wait till we need the money and the SP has appreciated as we progress...?

have we been approached by someone who wants to buy in? possible the chinese guys? or maby we want to start funding our downstream processing reasearch/development...? synthetics??

guess we wait. but i am optimistic about what this means.