I do not believe we need a CR or debt financing until at least end of this year.
57M cash remaining from Q2.
assuming they will burn around $15M per quarter moving forward as less capital will be spent on the BAM project.
Further fine tuning of production will get their operating cost in the range of $400/t - $450/t.
They are aiming to produce at $300/t so let hope they will achieve this target soon.
Interim update already provided so what are you looking for in the upcoming report?
the buy zone, page-191
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22.0¢ |
Change
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Mkt cap ! $232.8M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 23.0¢ | 21.5¢ | $1.244M | 5.635M |
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| No. | Vol. | Price($) |
|---|---|---|
| 4 | 116777 | 22.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 52000 | 2 |
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