Had a closer look at their appendix 5b from Sept quarter....cash in bank at the end of quarter was $2,194,000. Projected spending for this quarter (ending December) was $747,000.
Assuming that's accurate (roughly) means we'll have around $1,447,000 to spend in the new year. Should be well funded for the next round of drilling which is great news, plenty of drilling and positive news flow yet to come before next CR is necessary. Would 5c by then be too much to ask for!!??
SMD Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held
