$2.8mil has gone to exploration. So only 7% of the cash burn has gone to staff costs. This is actually amazing for a junior mine developer. These are really good numbers. I don't believe this is a lifestyle company. One ingredient they are missing i think is a technical geologist. The infill and expansion drilling don't appear to communicate any sophistication or strategy. I believe the business is just going bare bones whilst awaiting DFS completion. Which is great. I think Stuart Rechner is only remunerated $30k or something last time i checked. So there isn't likely any particular focus on expansion expect those minor resource upgrades for share price maintenance.
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1 | 35000 | 0.079 |
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