The cash burn is rather large IMO.
The fact we have had 3 CR's since April 2 by AC(One as underwriters) and 1 unknown for approx. $3.8m+ any cash following this round of proposed "target" drilling may well be very slim. makes you wonder how much scrip is being issued to contractors and staff. Guess we will have better idea end of this month???/
They have been gathering plenty of info, but as we know they have found some pay dirt, the opportunity to quantify this is nigh. Time to strike or die trying I guess.
I wonder if @PoetPlus has any ideas of where we are heading?
I hope our patience is validated
Cheers
MPJ Price at posting:
0.5¢ Sentiment: None Disclosure: Held