where the money goes per the yr end of june 30,2012
they had $16MM
they spent $3MM on G+A which includes:
rent $180K to calebra
management fees $993K
professinal fees - $109 K - (guys on the ground ?)
stock based comp $1.2MM
now i dont see the costs for processing core, im sure they are there , but there is no big fees sticking out for work on the ground
the drilling started after these were released, but they didnt do 5000M of drilling either last yr
they were committed to doing $720K worth of work on the ground to keep thier permits happy. the permits for the main properties renew this year
so - have we processed all of that 80K meters of core yet ? this is now year 2 of that attempt
have we committed to any more trenching, drilling this year yet? we have the old emperor employees workng for LIO which is supposd to speed up the process of understanding the property
id like to see them spend more in the ground than on management