PDI 5.56% 19.0¢ predictive discovery limited

Ann: Corporate Presentation, page-37

  1. 2,011 Posts.
    lightbulb Created with Sketch. 218
    Some items from company reports.

    Drilling only resumed on 17 Dec just over 4 months ago not 6.

    Drilling only accelerated with a 2nd diamond drill rig in mid January

    Cash at 31 Dec $13.8m
    Cash at 26 April $9m

    Burn rate $5m over 4months...assuming creditor position remains constant.

    Burn Rate most likely higher on a monthly basis now as drilling was not fully accelerated until only 3 months ago.

    Yep - no way a CR is needed this year....Bwhahahahaha
 
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