Yes 300k a year less cash burn. (Not going to debate the symantics, we clearly don't see eye to eye that's fine your entitled to your opinion.)
What's your thoughts on the cash burn of all the current board wages.
NF ~ 300k
GJ ~200k
LM ~ ?
RB ~ 60k
PH ~ ?
SN ~ ?
+8M performance shares for proving 150mT of a 2bT resource = $416k
proposed performance shares for PH joining the CO.
Board remuneration would be upwards of 1m p/year. Meaning for every 3 months delay in the project an additional cash burn of 250k. Recently it was MET tests, which was supposed to be start 6 months ago. Will dewatering be brought in on time. (not sure i've seen them highlight a timeline for its completion).
100% there will be a regulation CR early 2019 - unless they sort financing this side of chrissy.
SF2TH
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