Fraser Range will deliver, page-11

Hi Guys

New to aqd just taking a position last few weeks.

The potential looks great with all that JV drilling that's happening in such a prospective area.

Have a few questions regarding cash flow that I would appreciate a bit of feedback on.

I see from the quarterly 31-3-16 that the company had a cash balance of 1026K with a projected spend of 520K for this quarter. This will leave about one quarter's worth of expenses left at the end of this month.

I see aqd receive periodic funds from the JV partners from the Feb 15 announcement as part of the jv agreement.

Will aqd receive enough funds to continue operations without doing a capital raising in the very near future?

Thanks in advance
Tradealot