Not quite finished yet. Sorry.Last November the CEO stated that it costs about $175 a meter to drill. Including all costs. Something like that.
So $3000 meters is a half million of the 8 million spent on drilling and exploration. A feasibility study should be less than a million. No indication of how much is needed to upgrade the mill.
So we have 1.5 million on the drilling and FS. Suggest another million to upgrade the mill. So 3.5 million.
The news release was funny. It stated that the rest would be used for corporate expenses if there was any money left. I sure have not seen that before.\\
So half the money to pay management, and half so that they can tell us next year that production is coming soon. If they can raise enough money to pay of the notes and keep operating. This company is going nowhere.
3.4 cents with warrants. joke.