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Ann: INCA RECEIVES SOUTH32 EARN-IN OPTION EXERCISE NOTICE, page-31

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  1. hilly_sandman
    541 Posts.
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    22/08/18
    16:55
    Post #: 35101562
    I'm also across from the S32 thread... Not often a micro cap explorer with $10M MC receives a free carry for $8-10M of exploration... nice...

    Though I noticed ICG only had $800k cash left in June quarterly with a cap raise of $1.1M... So on current cash burn ($800k/q) they are only going to stay afloat for another 2.5 quarters? Maybe with the S32 agreement the cash burn rate will drop to $400k/q and give them 12mnths??? Can anyone fill me in with information around financials - cheers.
    Last edited by hilly_sandman: 22/08/18
    ICG Price at posting: 0.5¢ Sentiment: Hold Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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