The previous quarterly showed $87m cash with $23m additional...

The previous quarterly showed $87m cash with $23m additional environmental bonds ($110m total) while that quarter had consumed $50m.

This quarter did a capital raising of $180m at $1.39/share with $30m removing our debt and $150m as cash.

$110m last quarter plus $150m from the capital raising minus maybe $50m for operations for this current quarter = $210m with a market cap of $350m.

My calculation might be wrong, it is very rough, and only based on my understanding of the announcements.