Roughly 3M cash burn over the 6 month period with 5M in cash & equivalents at 31 December (4.5M net of accounts payable).
Assuming the cash burn continues at a similar rate we should have 3M in cash when the DFS and (maybe) the mining lease are completed.
Does anyone know if cash burn typically ramps up towards the end of a DFS?
Seems that the board has done a good job in budgeting their DFS and PFS after the last capital raise.
Ann: Half Yearly Report and Accounts, page-2
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