Things Hotting Up, page-15

Another $418k on admin?? And all that exploration and evaluation they are doing, just $180k. Not hard to see why this company exists. What happens when the well runs dry? The only thing I find confusing is that the directors own 40% of the company. I suppose the strategy must be to milk the company for all it is worth. Keep the wages and rent etc going for as long as the cash last, and then hand the shell over to someone else.