From the Quarterly report.
Estimated quarters of funding available
3.4
At this current burn rate they still have until beginning of 2022 until they need to raise any capital. My feeling is end of 2021 after JORC is announced and metallurgy is in play. Ideally a good portion of the feasibility study would be underway and they can finance what is needed to turn into a mine at a reasonable SP. Either way the timing is indifferent for me.
All the hype and expectations are mostly irrelevant, they have a good asset here with massive growth potential, a now stronger board, the SP will take care of itself over the next 18 months.
Will accumulate and hold.
Ann: Corporate Presentation, page-49
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