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PURA VIDA

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PURA VIDA

Re: mypenneys post# 24706

Monday, 06/21/2021 8:16:34 AM

Monday, June 21, 2021 8:16:34 AM

Post# of 43277
If I am not mistaken, the company still had close to 11MM $AD in the bank after drilling Merlin 1.
Now then you add the 2.6MM to that and there is still money to continue exploration this coming season.

There is a document somewhere that spells this out.... but I can't find it.

You can take the information in the document below, then subtract 88E's costs of drilling Merlin 1
and it comes out to approximately what I have stated above. (could be wrong, but seems to be right).

Source: https://clients3.weblink.com.au/pdf/88E/02364958.pdf

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