eb1945

If I'm not mistaken our current burn rate of cash is about 300k per month.

There are plans to add another drill and the corresponding support in terms of core saws and infastructure. This would further add to overall operating costs. We have about 1.7 +/- million in the bank and we need to maintain a certain minimum balance to satisfy potential underwriters for any needed financing. You may recall that the company had a NR a week or so ago to post notice that a financing is being considered.

There are several sound reasons to maintain a steady and reasonable growth in our sp. News on assays is one of the best ways to build that growth and allow the company to grow with it. Our capitalization is an important numbe,r as the overheads and infastructure needs to be appropriate to our size. That capitalization is a direct reflection of our SP.

Thanks

..................carry