Cashflow CalculationA quick cashflow calculation:
$371K Cash Sept 30
Add $227K from Oct 6 closing of 2nd tranche of PP
Add $60K from Nov 9 PP
Add $600K from Exercise of warrants (see NRs Nov 9, 12, 13, 21)
Add $285K from Jan 5 PP
Sub Total $1543K
Less expenses est. $80K per month (Dec would be less with Xmas shutdown of drilling)
Estimated current cash balance $1200K
Always due your own DD.
Cheers
Herve