Interesting to see what happens next. Finished December with 600k cash, but also received the rebate of 1.9m and gst refund of 545k. So we are around $3m in cash. I think our operating cash burn was around 3.7m for last quarter, but that involved a good amount of drilling (2.4m in exploration and development). So, potentially Management think we have enough cash to last two quarters (1.3m p/qtr) until funding starts filtering in.
Saying that, I assume we would delay the start of drilling at Flemington or require an injection.
All IMO
Ann: Sconi Off-take Update, page-152
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