Under estimated7 Aug 2018 14:00
They have simply underestimated how much exploration success we were going to have which they didn't budget enough for.The speed of the exploration program doesnt help reduce costs either ,I am guessing the T20 dome area will cost slight more to drill due to it distance away from base camp.
When you think about it we have 10 targets in the T3 complex alone, 4 of which we know have AEM interpretations so we know there something there,how many targets and dome interpretations are there going be for T23,T20,T4?
£6M of additional cash should cover our share of the costs ,MOD quarterly exploration cash burn is £3M based on the last announcement so are going to need £400k every month just to match our 30% interest.