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cash position
posted on
Jul 30, 2008 07:40AM
Our cash position as of March 31 was $49.7 million
burn rate was 3 million before April 18...1/2 wages, no drill expenses
lets say min 2 million burn rate now
even if they were down to 40 m plus $71.25 PP
we're in excess of $110 million in the bank
a little more incentive (a kick towards the infrastructrure costs)
