The following figures are taken from the March, 2015 quarterly reports for these three companies.
Now I know that BOA has not spent a lot of money on exploration yet but as mentioned by other posters, the admin expenses are very well controlled.
Column 1
Column 2
Column 3
Column 4
0
Item
Windward
Matsa
Boadicea
1
Payments for:
2
Exploration
554,000
740,000
76,000
3
Administration
302,000
594,000
53,000
And of course there will be others that say exploration is “all about spending money” but I guess "how you spend it" is also important.
BOA Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held
