Running out of cash fast, page-58

Hi all -  spoke to Russell today on the phone.  He mentioned that the cash position was not as bad as stated on HC and they have been running the company "on the smell of an oily rag". DD is still being undertaken by a couple of organizations on Mt Carbine but it takes time.  There will hopefully be an update to the ASX soon.

Providing we don't go broke a 7 million dollar MC for a quality tungsten deposit next to infrastructure is very cheap.  Not to say this can't go lower and if does I may break my averaging down rule we'll see.

Good luck all!