Company had $539,000 as at 31/3/18.
Raised $1.5 Million.
Expected expenditure during quarter $425,000
So should have about $1.6Million cash at bank to fund exploration!
Column 1 Column 2 1 {colgroup} 2 {col}{/col}{col}{/col} 3 {/colgroup} 4 9. Estimated cash outflows for next quarter $A’000 5
- 9.1 Exploration and evaluation
- 9.2 Development
- 9.3 Production
- 9.4 Staff costs
- 9.5 Administration and corporate costs
- 9.6 Other (provide details if material)
- 9.7 Total estimated cash outflows
315
30
806 425
Smart Money buying, page-46
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