AUZ 7.69% 1.2¢ australian mines limited

Ummmm did you read the JPG of the quarterly I posted? They got...

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    Ummmm did you read the JPG of the quarterly I posted? They got the $2.5 after 31st Dec
    The fact that they've been burning $9m in previous half-year periods is meaningless - what might be relevant is if it was more or less within guidance. But AUZ has done lots of drilling and built and tested the pilot plant, developed the DFS etc. so it has a lot of costs in the previous couple of years.

    So unless your contention is that AUZ will actually spend $4.5m per quarter despite a guidance of less than $1.9m I'm not sure what we're talking about here...

    Lets be slightly pessimistic though:
    Jan $3m
    CR +$4.5m
    = $7.5m
    - burn $2m per quarter
    End Q1 = $5.5m
    End Q2= $3.5m
    End Q3= $1.5m
    End Q4= $.5m

    Which incidentally is still enough to meet going concern criteria...
    Last edited by ura_bull: 14/03/19
 
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