cash is currently $1.239M or $1.039M if discounting by $200K in trade payables held at 31/12/16
the drill plan was 2,000 metres
they raised $1.6M http://www.asx.com.au/asxpdf/20170317/pdf/43gw62njtb7yqw.pdf
$523,000 was received on 27/3/17: http://www.asx.com.au/asxpdf/20170327/pdf/43h28f9g0jnszv.pdf
this resulted in $691K at 31/3/17: http://www.asx.com.au/asxpdf/20170428/pdf/43hvm5cs4n2c7p.pdf , with forecast quarterly spend of $530K
the remaining $1.078M was received on 3/5/17: http://www.asx.com.au/asxpdf/20170503/pdf/43j00335bf3ch0.pdf
$691K (at 31/3/17) less $200K (payables at 31/12/16) plus $1.078K (tranche 2) less $530K (spend) = $1.039M at 30/6/17
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